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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 03rd Oct 2016

Published on Oct 03rd 2016

IT

Indian markets are likely to open on a positive note considering domestic and global cues and a positive SGX Nifty also indicates a green opening for the Indian markets. The US markets closed higher on Friday as sentiments improved on the back of substantial rebound by shares of Deutsche Bank. Backed by strong gain on Friday the major indices closed the week on a positive note. The European markets rallied on Friday erasing early losses on reports that Deutsche bank may be near a settlement with US department of justice for 5.4 Bn which is lower than what market participants were expecting. Indian equity indices slumped the most on Thursday since the Brexit decision in June to their lowest close in more than a month rattled by the Indian army’s attacks on the terrorist camps in Pakistan. However on Friday the markets stabilised to some extent. In the coming week market participants will be closely watching the outcome of the monetary policy and hence overall markets

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