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Market Outlook - 30th Jun 2016

Published on Jun 30th 2016

IT

Indian markets are expected to open in green tracing SGX Nifty and Global cues. US markets extended its recovery and closed in the positive territory as worries continued to ease over Britains vote to leave the European Union. Technology and Banking stocks which took a hard hit post the vote showed some recovery. European markets too ended yesterdays trading session in the green extending Tuesdays recovery following the BREXIT slump. Higher oil prices and possibility of monetary stimulus aided the markets. Indian shares gained strength on Wednesday following rally in global peers as well as advances in auto and retail sector shares which are likely to benefit after the Cabinet approved the recommendation of 7th Pay Commission.

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