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Market Outlook - 27th May 2016

Published on May 27th 2016

IT

Indian Markets are expected to open in the green tracking the SGX Nifty and Asian cues. U.S markets saw a mixed close after showing a lack of direction throughout the session. The National Association of Realtors released a report showing pending home sales surged up to their highest level in a decade in April. The Labor Department also released a report showing a bigger than expected drop in initial jobless claims in the week ended May 21st. Most European markets ended Thursdays session with modest gains. Following the strong performance of the previous two sessions markets ended on a relatively flat note. Trading action was choppy as markets fluctuated back and forth between gains and losses. While global markets consolidated after two days of gains Indian shares rose for the third day in a row with benchmark indexes Sensex and the Nifty climbing nearly 2% each as expectations of a good monsoon stellar results posted by LT and the governments decision to approve the first

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