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Market Outlook - 16th Feb 2017

Published on Feb 16th 2017

IT

Indian markets are likely to open flat with a negative bias tracking SGX Nifty U.S. markets closed at fresh highs Wednesday for a fifthstraight day as traders continued to bet on a progrowth agenda under President Donald Trump. The majority of the European markets ended Wednesdays session with modest gains. The markets got off to a positive start but pared their early gains just before the open on Wall Street. They began to recover after the U.S. markets shrugged off a flat opening and began to rise. Indian markets fell for a second consecutive session on Wednesday with a slew of disappointing corporate earnings worrying WPI data and a weaker rupee weighing on markets.

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