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Market Outlook - 13th Feb 2017

Published on Feb 13th 2017

IT

Indian markets are likely to start off on a positive note today tracking SGX nifty and global cues. Following the strength seen in the previous session US markets saw some further upside during trading on Friday. With the continued upward move the major averages once again ended the session at new record closing highs. The continued strength on Wall Street reflected renewed optimism about corporate tax reform under President Donald Trump. The majority of the European markets ended Fridays session with modest gains extending their gains from the previous three sessions. Earnings remained in focus at the end of the trading week but sentiment also received a boost from positive data out of both the U.K. and China. The Chinese data sparked a jump in shares of European mining stocks. Indian Market ended on a flat note on Friday even as IT stocks posted widespread gains for the second day running. Investor sentiment remained cautious ahead of IIP numbers for December.

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