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Market Outlook - 04th Oct 2016

Published on Oct 04th 2016

IT

Indian markets are likely to open flat tracking SGX Nifty and ahead of monetary policy outcome markets may remain directionless. The US markets ended marginally lower after gaining strong on Friday. Investors would further wait for job data to be released this week before taking further action. Primarily European indices closed higher on the back of easing concern over the penalty on Deutsche Bank. Indian equity indices gained significantly backed by short covering ahead of the monetary policy on Tuesday. This being the first policy meets by the Governor; market participants will be keenly watching the undertone of the Governor. Further the news of Pakistan and Indian NSA talking to reduce the tension also improved the sentiment leading to the rally.

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