Market Outlook - 10th Aug 2016

Published on Aug 10th 2016


Indian markets are likely to open in flat tracking SGX Nifty and Global markets.. After seeing strong gains on Friday the US markets remained lackluster on Tuesday and ended the day flat. Lack of new economic data and triggers kept traders and investors away for the day. The European markets gained on Tuesday led by energy stocks. The OPEC is likely to hold talks in September in an effort to limit productions and this seems to have played a positive role. The Indian markets remained under of pressure on Tuesday as market participants wanted to know the outcome of RBI’s monetary policy outcome. While a good monsoon had led to some expectations of lowering of interest rates by RBI increasing trend of CPI inflation which still remains a concern and hence RBI left the key policy rates unchanged. As a result the markets saw some selling and ended the day in red.

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