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Market Outlook - 25th May 2016

Published on May 25th 2016

IT

Indian Markets are expected to open in the green tracking global cues and the SGX Nifty. U.S markets closed sharply higher led by receding fear of a rate hike and sharp 16.6% jump in new home sales in the month of April. This was way ahead of the expectations of a 2.3% increase in home sales as predicted by economists. European markets ended with significant gains following reduced fears of a Brexit after the latest polls showed a rise in support for the U.K. to remain a member of the European Union. Indian markets kept gyrating between positive and negative territory before finally closing in the green. Markets also saw some pressure ahead of the expiry of the derivative series due on Thursday.

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