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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 05th Jan 2017

Published on Jan 05th 2017


Indian markets are likely to open positive tracking SGX Nifty and global cues. The US markets moved higher and closed with decent gain on Wednesday as upbeat economic data came from around the globe. The strength in the market also came following the release of the minute of the Federal Reserves last monetary policy meeting where it was indicated that the decision to raise rates by a quarter point was partly due to an assumption of more expansiory fiscal policy under President elect Donald Trump. European markets started the day with a positive note however closed on flat note as retailers reported a mixed sales data. Indian markets traded in a narrow range on Wednesday also flattish services PMI data for December 2016 impacted the sentiment. Auto stocks were in favor today while cement stocks remained weak during the day. Index heavy weight Reliance Industries also remained weak during the trading session.

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