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Market Outlook - 20th May 2016

Published on May 20th 2016


Indian Markets are expected to open flat tracking SGX Nifty. After showing a substantial move to the downside in morning trading on Thursday U.S markets regained some ground as the day progressed but still closed in the red. The selloff seen early in the session reflected renewed concerns about the outlook for interest rates following yesterdays release of the minutes of the Federal Reserves latest monetary policy meeting. The European markets ended Thursdays session solidly in negative territory. Investor concerns over the possibility of a June interest rate hike by the Federal Reserve. Indian markets fell for the second consecutive day on Thursday as market participants turned cautious over the possibility of an interest rate hike by the US Federal Reserve in June. The SEBI has tightened the rules for P Notes holders. As per the new norm P –Notes holders will have to adhere to Indian Know your customer (KYC). In the near term market could react negatively to this and foreign i

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