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Market Outlook - 09th Jan 2017

Published on Jan 09th 2017

IT

Indian markets are likely to open flat with a positive bias tracking SGX Nifty. U.S. markets closed higher after hitting alltime highs on Friday as the technology sector led while investors parsed through key employment data. U.S. The European markets ended Fridays session with mixed results but the majority finished with slight gains. The markets were locked in a narrow trading range throughout the day and did not stray too far away from the flat line in either direction. Indian Market fell slightly on Friday as IT stocks continued to come under selling pressure ahead of quarterly results beginning next week. Profit booking after Thursdays rally weakness in the rupee in the evening trade and sluggish cues from European markets also dented investor sentiment.

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