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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Aug 2016

Published on Aug 16th 2016


Indian Markets are expected to open flat tracking SGX Nifty. The US markets climbed back into record territory on Monday as rising oil prices boosted petroleumlinked equities. The European markets endured another choppy trading session Monday but finished with modest gains. Global growth concerns have made investors cautious after U.S. retail sales data came in weaker than expected last week Friday. The Indian markets rose sharply on Friday mirroring firm cues from Wall Street and Asia as oil prices jumped and disappointing Chinese data evoked a muted reaction from investors. Betterthanexpected quarterly earnings from SBI and the lowerthanexpected rise in bad loans also bolstered investor sentiment.

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