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Market Outlook - 27th Apr 2016

Published on Apr 27th 2016

IT

Indian markets are expected to open flat tracking the SGX Nifty and Asian cues. US markets traded with a lack of direction ending the day on a flat note as traders remained cautious ahead of the Federal Reserves monetary policy announcement. The fed is expected to keep interest rates unchanged but investors will keep a close eye on Fed Chairs comments regarding the future outlook. European markets ended Tuesdays session on a mixed note as early gains led by rising crude oil prices and some strong corporate financial results from the Eurozone were pared due to investor caution ahead of the FOMC meet. Indian markets opened in the red but staged a strong recovery to close sharply higher as some better than expected corporate earnings news of strong FDI inflows and a rebound in oil prices bolstered sentiment.

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