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Market Outlook - 19th Jul 2016

Published on Jul 19th 2016

IT

Indian markets are expected to open flat tracking SGX Nifty. U.S. markets added to recent gains during trading on Monday although buying interest was somewhat subdued throughout the session. The upward move lifted the Dow and the SP 500 to new record closing highs while the Nasdaq reached its best levels of 2016. The European markets got off to a positive start Monday. Early gains were driven by the takeover of British chip maker ARM Holdings and the failed coup attempt in Turkey. However the markets reversed after Bank of England policymaker Martin Weale said there is little urgency to cut interest rates. The markets ended the choppy trading session with mixed results. Indian markets erased early gains to end slightly lower on Monday with mixed global cues.

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