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Market Outlook - 07th Nov 2016

Published on Nov 07th 2016

IT

Indian markets are likely to open flat after witnessing volatility over the last week. Like other global markets Indian markets will also take a wait and watch approach before the outcome of US presidential elections. U.S. markets closed lower Friday marking the SP 500’s longest losing streak since the depths of the financial crisis Uncertainty over the presidential election outcome weighed on investors. US market could see sharp movement either side post outcome of U.S. presidential election. Indian markets remained weak for the last week amid volatility in the global markets. The US elections outcome would be a key trigger for global markets and till then it is very unlikely that the market will see broader participation. Further index heavy weight like ICICI Bank and SBI will come out with their quarter results during the week which could lend some directions to the markets.

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