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Market Outlook - 25th Jul 2016

Published on Jul 25th 2016

IT

Indian markets are expected to open flat tracking SGX Nifty. After opening slightly higher U.S. stocks closed higher over the course of the trading day on Friday. Dow closed higher reversing some of the losses in the previous session. This was due to stronger than expected manufacturing data. U.K. stocks reversed earlier the losses and ended higher on Friday as weak economic data in the wake of U.K.s Brexit vote spurred expectations of easing monetary action by Bank of England. Realestate investment trusts were among gainers with Intu Properties PLC INTU up 0.7% and Land Securities Group PLC LAND up 0.4%. Equity benchmarks recouped some of previous sessions losses to close marginally higher on Friday while the broader markets outperformed with Nifty Midcap index rising over a 1% despite weakness in Asia.

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