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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 03rd Nov 2016

Published on Nov 03rd 2016

IT

Indian markets are likely to open negative tracking global cues and SGX Nifty. U.S. stocks extended losses on Wednesday with the SP 500 recording its longest losing streak in five years after the Federal Reserve as expected kept interest rates unchanged. In announcing its decision the Fed indicated that it doesnt need for much more evidence to justify a move boosting the chances of a hike at its final meeting of the year. The SP 500 index dropped 14 points to close at 2098 falling for seven sessions in a row for the first time since November 2011. The Dow Jones Industrial Average declined 77 points to finish at 17960. European stocks ended sharply lower on Wednesday as the possibility of a victory by Donald Trump in next weeks U.S. presidential election and lower oil prices spooked global equity markets. The U.K.s FTSE 100 index declined 1% to 6845. On the domestic turf benchmark share indices ended over 1% lower on Wednesday tracking a selloff in global mark

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