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Market Outlook - 22nd Jul 2016

Published on Jul 22nd 2016

IT

Indian markets are expected to open flat tracking SGX Nifty. After showing a lack of direction early in the session stocks moved to the downside over the course of the trading day on Thursday. With the pullback on the day the Dow closed lower for the first time in ten sessions. The weakness that emerged on Wall Street was due to profit taking following the upward trend seen over the past few weeks. The European markets ended Thursdays session with mixed results after fluctuating between small gains and losses over the course of the day in choppy trade. Travel stocks were under pressure after some disappointing news from both easyJet and Deutsche Lufthansa. Indian markets fell notably on Thursday as investors awaited the European Central Bank meeting later in the day and looked for progress on the GST Bill.

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