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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

Published on Feb 02nd 2017

IT

After witnessing sharp rally post budget Indian markets are likely to open flat with a positive bias tracking SGX Nifty. US markets closed on a mixed note after not after seeing a initial strength during the day. While the Dow Jones remained flat the NASADQ closed on strong note on the back of strong results from tech stocks. The UK markets closed flat on mixed economic news. British manufacturing growth remained strong at the start of the year with the Markit/CIPS purchasing managers index reported at 55.9 in January. However U.K. house prices rose at a slower pace in January than December and Shop prices in the United Kingdom were down 1.7 percent YoY in January. Indian markets rallied strongly on Wednesday as markets cheered the new Budget. The budget did not carry any negative shocks and had some mild surprises that put investors at ease. Most sectors rallied strongly with realty leading the market after the Finance Minister announced that Affordable Housing would b

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