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Market Outlook - 28th Jan 2016

Published on Jan 27th 2016


Indian markets are expected to open in the green tracking the SGX Nifty. Strong bounce back in the oil prices coupled with increased buying interest across some of the heavyweights ahead of the earnings season led U.S. markets close with over 1% gains. Better than expected quarterly earnings of 3M (MMM) PG Johnson and Johnson Sprint also contributed to the rally. Most of the European indices moved upside. FTSE 100 was up 0.6% German DAX and French CAC were up 1% each. Oil players like BP Royal Dutch Shell BG Group listed in FTSE reported over 1% gains. Indian stock markets failed to hold the entire gains in last couple of hours of trade on Monday tracking volatility in the Europe markets and correction in the oil prices after Fridays rally. Sensex surged over 200 points intraday but trimmed its gains in the afternoon trade especially after the European markets fell. HDFC Bank gained nearly a % after its inline third quarter earnings matched the analysts expectat

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