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Market Outlook - 20th Jun 2016

Published on Jun 20th 2016

IT

Indian markets are expected to open in red tracking SGX Nifty. U.S. Markets closed lower Friday with health care and tech stocks lagging amid continued uncertainty ahead of next weeks scheduled Brexit vote. European markets rose on Friday helped by a rebound in the battered banking sector with investors attributing the rebound partly to the suspension of campaigning for Britains EU referendum following the shooting of a lawmaker. Indian markets eked out modest gains on Friday as news of a proEU British lawmakers death brought the Brexit campaign to a standstill and spurred speculation that the incident may influence public opinion on the referendum scheduled to take place next Thursday. Gains in rupee on data showing narrowing current account deficit also offered some support.

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