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Market Outlook - 13th Jan 2017

Published on Jan 13th 2017

IT

Indian markets are likely to open flat with a positive bias tracking SGX Nifty. US markets fell to a fiveweek low on Thursday after Presidentelect Donald Trump in his eagerlyawaited news briefing the previous day failed to provide details on fiscal policies that were expected to bolster the economy. European markets fell on Thursday weighed down by Fiat Chrysler which wiped out one sixth of its value in a late session slide after the United States accused the carmaker of excess diesel emissions. Indian market rose modestly to extend gains for the third consecutive session on Thursday as expectations surrounding Q3 earnings and the upcoming Union Budget helped investors shrug off mixed global cues.

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