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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

IT | Published on Nov 10th 2016

IT

Indian markets are likely to open positive tracking SGX Nifty. With dust settling over the curb on black money by Govt and US election results getting over Indian markets is likely to start focusing on domestic issues. The Govts move to demonetize the Rs500 and Rs1000 currency notes took the Indian markets by surprise and all major indices opened sharp down. This together with the US presidential election also weighed high on the markets. However as the day progressed bargain hunting lifted the markets up from its days low. While a win by Donald Trump was considered by negative by large global institutional investors post election results global markets have stabilized and the US markets have rather jumped up. Other global markets like Europe also closed strongly with FTSE closing up 1% and DAX closing 1.6%.

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