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Market Outlook - 23rd Feb 2016

Published on Feb 23rd 2016

IT

Indian markets are expected to open marginally negative tracking the SGX Nifty and some of its Asian peers. U.S. markets moved sharply higher in early trading and remained firmly positive throughout the trading session on Monday. The strength on Wall Street came amid a sharp increase by the price of crude oil which has recently been a key driver of the markets. The European markets soared Monday ending with broadbased gains as a rally by oil futures and some metals calmed investor nerves after the recent commodity rout. Indian markets ended on positive note led by HUL Bharti Sun Pharma Reliance and Lupin.

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