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Market Outlook - 22nd Jun 2016

Published on Jun 22nd 2016

IT

Indian markets are expected to open in red tracking SGX Nifty and Asian markets. U.S. Markets rose Tuesday as investors were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates. The European markets rose further on Tuesday with traders expecting Britain to vote to stay in the European Union despite polls putting the race neck and neck. Indian markets fell slightly on Tuesday as weakness in the rupee for the second day running amid fresh FII selling and mixed global cues ahead of Fed Chair Janet Yellens semiannual Congressional testimony on Tuesday and Wednesday as well as Thursdays allimportant Brexit vote kept investors on edge.

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