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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 12th May 2016

Published on May 12th 2016


Indian markets are expected to open on a negative note tracking the SGX Nifty and weak overseas market in the previous trading session. However yesterday the Bankruptcy code has been passed by the Rajya Sabha which would allow faster recovery of bad debts and should help easing NPAs of banking sector. Banking stocks could take positive cues from this. The US market opened with a negative note and the fall accelerated at the close Wednesday erased nearly all of the sizable gains from the previous day’s session as disappointing earnings from Disney and a slump among retailers led to investors selling off. A slide in consumerdiscretionary stocks which include retail shares such as Macys and Nike weighed on the Dow and SP 500 offsetting a 4% jump in oil prices European stocks were slightly lower Wednesday with German shares particularly weak on losses among the big auto makers. The German DAX was declined 0.7% and Frances CAC 40 eased 0.55 % while the U.K.s FTSE 100 wa

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