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Market Outlook - 13th Oct 2016

Published on Oct 13th 2016

IT

Indian markets are likely to open flat with a negative bias tracking global markets and SGX NIFTY. After two trading holidays investors and traders will look forward for key results during the quarter. The US markets remained lackluster throughout the day on Wednesday as traders avoided taking significant positions ahead of the release of the minutes of the latest Federal Reserve’s meeting. The European markets closed on a mixed note and remained under pressure amid cautious move by investors by traders and investors as they waited the details of the meeting of US Fed. Indian markets remained lackluster on Monday ahead of festive holidays. While global events will be key to watch the Indian markets will be more concerned about key development in the domestic fronts as well as commentary by Tech majors like TCS and Infosys which are likely to report results during the week.

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