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Market Outlook - 26th May 2016

Published on May 26th 2016

IT

Indian Markets are expected to open in the green tracking global cues and the SGX Nifty. U.S markets witnessed another day of impressive gains led by news of the Greek bailout and an increase in crude prices. Crude prices increased 2% after an EIA report showed crude stockpiles fell by 4.2 million barrels last week. European markets rallied after Eurozone finance ministers cleared the way for fresh loans for Greece. Better than expected German consumer and business confidence numbers also boosted sentiment. Indian markets rallied sharply led by improvement in monsoon forecasts positive global cues due to easing worries relating to the US rate hike Brexit and Greek debt triggering heavy short covering ahead of the derivative expiry.

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