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Market Outlook - 19th Aug 2016

Published on Aug 19th 2016

IT

Indian markets are likely to open in negative note tracking SGX Nifty. US markets have moved modestly higher in morning trading on Thursday adding to the slim gains posted in the previous session. Buying interest has remained relatively subdued however limiting the upside for the markets. The European markets ended Thursdays session with modest gains snapping a 4 session losing streak. The markets got off to a positive start but were stuck in a sideways trend throughout the session. Investors had a positive reaction to the minutes from the most recent Federal Reserve meeting which were released after the European close yesterday. Indian markets eked out modest gains on Thursday after the minutes from the Federal Reserves July monetary policy meeting showed that officials were still split over the timing of the next interestrate rise despite a strong rebound in employment in June.

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