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Market Outlook - 14th Oct 2016

Published on Oct 14th 2016

IT

Indian markets are likely to open flat tracking SGX Nifty. After falling sharply early in the trading session on Thursday stocks gained some ground as the day progressed but still closed mostly lower. Concerns over the global economy contributed to the early weakness in the market. The European markets also closed sharply on negative note on weak Chinese data. The disappointing data sparked concerns among traders over the health of the global economy. Indian markets remained under pressure from opening and more selling pressure was observed as the day progressed. There was broad based selling witnessed in the markets. Global volatility led to the fall in Indian markets and volatility could remain high for few trading session. However softening CPI inflation data might support the Indian markets today.

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