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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

Capital Goods | Published on Feb 06th 2017

IT

Indian markets are likely to start off on a positive note today tracking global cues and SGX nifty. U.S. markets closed on positive note on Friday with the Dow Jones closing above 20000 mark and the NASDAQ reaching at a record high. Steps by President Donald Trump to roll back bank regulations and a strongerthanexpected January jobs report contributed to the upbeat sentiment. U.K. markets closed at a twoweek high on Friday achieving a small weekly rise as bank shares climbed on plans by U.S. President Donald Trump to dismantle some U.S. regulations on the financialservices sector. The FTSE 100 ended higher by 0.7% at 7188. BSE Sensex closed higher by 14 points to 28241 while the Nifty 50 rose 7 points. The postBudget climb went on for the third day as well since the Sensex managed to close at 28241 with a minuscule gain after a monthly survey suggested that Reserve Bank has much headroom to stay accommodative in its policy meet next week.

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