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Market Outlook - 16th Nov 2016

Published on Nov 16th 2016

IT

Indian markets are likely to open positive tracking global cues and SGX Nifty. U.S. Markets closed higher on Tuesday lifted by a sharp rally in energy stocks while the technology sector rebounded after a postelection selloff. The European markets did not venture far from the unchanged level during Tuesdays session. The markets were stuck in a sideways trend for most of the session and fluctuated between small gains and losses over the course of the day. The majority of the markets ended the day with small gains Indian markets tumbled again Tuesday to extend last weeks steep losses as surging U.S. bond yields and the dollars strength in international markets on expectations of higher inflation and interest rates in the U.S. fueled worries about capital flight.

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