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Market Outlook - 12th Jan 2017

Published on Jan 12th 2017

IT

Indian markets are likely to open flat with a positive bias tracking SGX Nifty. Stocks saw considerable volatility over the course of the trading session on Wednesday before managing the end the day modestly higher. The volatility seen on Wall Street was partly in reaction to Presidentelect Donald Trumps comments during his first press conference in several months. The European markets got off to a weak start Wednesday but staged a recovery in the morning that brought them back near the flat line. The markets then fluctuated between small gains and losses before firmly entering positive territory in the afternoon. The positive opening on Wall Street helped to push the European markets into the green. Indian shares rose notably on Wednesday with benchmark indexes Sensex and Nifty rising for a second consecutive session to hit a twomonth high as oil struggled after two days of losses and the World Bank said that the "adverse effects" of demonetization will disappear in the medium

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