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Market Outlook - 31st May 2016

Published on May 31st 2016

IT

Indian Markets are expected to open in the green tracking the SGX Nifty and Asian Markets. US Markets were closed yesterday in observance of Memorial Day. European Markets were stable in a mostly cautious trading session after Fed. Chair Janet Yellen hinted at near term interest rate hike in her Fridays address. Trading volumes were subdued as UK Markets too were closed for a bank holiday. German stocks gained as investors bet the euros weakness against the U.S. dollar would help German exporters. Indian Markets rose for fifth straight session yesterday after earnings of major companies like Coal India and Hindalco Industries suggested that the economy is recovering.

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