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Market Outlook - 11th Jan 2017

Published on Jan 11th 2017

IT

Indian markets are likely to open flat with a positive bias tracking SGX Nifty and Asian markets. US markets turned in another relatively lackluster performance during trading on Tuesday before eventually ending the day mixed. The choppy trading on Wall Street came as traders seemed reluctant to make significant moves amid uncertainty about the nearterm outlook for the markets. The lackluster performance also came amid a relatively quiet day on the U.S. economic front with traders looking ahead to reports on producer prices and retail sales due on Friday. The European markets endured a choppy trading session Tuesday and ended the day with mixed results. The markets fluctuated between small gains and losses of the course of the trading session. Bank stocks were under pressure due to renewed concerns over the Italian banking system. Meanwhile mining stocks surged due to rising copper prices. Indian markets rose notably on Tuesday even as global cues remained muted in the wake of a

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