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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 01st Nov 2016

Published on Nov 01st 2016

IT

Indian markets are likely to open positive tracking global cues and SGX Nifty. U.S. stocks closed lower on Monday as the probability of December rate hike increased with new data release as well as election uncertainty weighed on the minds of investors. The SP 500 index slipped 0.26 points to close at 2126 with five of the 11 main sectors finishing lower. The Dow Jones Industrial Average declined 0.1% to close at 18142. Economic data released on Monday (consumer spending and inflation) is consistent with previous releases suggesting that Fed is likely to raise interest rates in December. FTSE 100 shares closed 0.6% lower at 6954 on Monday as the mood on the bourse was downbeat. WPP UKs advertising behemoth was the biggest riser on the FTSE 100 said that its UK sales showed slower growth which could be the first signs of Brexit anxiety. Markets ended the customary Muhurat trading session to usher in the new year Samvat 2073 on a negative bias with the broader marke

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