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Market Outlook - 05th Dec 2016

Published on Dec 05th 2016

IT

Indian market is expected to open on a flat note tracking the SGX Nifty. The US markets remained flattish on Friday after witnessing a mixed trend in the previous trading session. It seems traders might not have taken big positions ahead of the Referendum in Italy. European markets remained weak on Friday ahead of Italian referendum. While the issue of rate hike by US Fed continues to be there a no vote in Italian referendum could trigger political uncertainty and might derail the countrys fragile recovery. With Italians voting for NO Euro has slipped to a fresh low and European markets are likely to remain volatile going ahead. Indian markets remained volatile during the week and witnessed selling pressure on Friday amid global volatility and concerns over slowdown in the corporate earnings for the quarter. Though auto companies reported a decent set of sales number for November fear of sales coming down in the month of December weighed on the stocks. One the key even

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