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Market Outlook - 17th Jan 2017

Published on Jan 17th 2017

IT

Indian markets are likely to open flat to positive tracking SGX Nifty. US markets were closed yesterday on eve of Martin Luther King Jr. Day. The European markets ended the first session of the new trading week with modest losses. Bank and automotive stocks were among the weakest performers Monday. Bank stocks took a hit after Canadian rating agency DBRS cut Italys sovereign credit rating. Indian markets recovered from early losses to close modestly higher on Monday despite weak cues from Asia and Europe and continued losses in IT stocks.

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