Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 18th May 2016

Published on May 18th 2016


Indian markets are expected to open in red tracking SGX Nifty and Asian indices. U.S markets moved sharply lower over the course of the trading day on Tuesday offsetting the rally that was seen in the previous session. The selloff on Wall Street came as traders cashed in on yesterdays gains as the latest batch of U.S. economic data raised concern about the outlook for interest rates. The European markets got off to a strong start Tuesday but the majority of the markets ended the session in negative territory after early gains eroded. Indian markets rose modestly on Tuesday with gains in global equities and an overnight rally in commodity prices helping underpin investor sentiment. Banking stocks are expected to remain in limelight today after the much awaited consolidation of the SBI group has begun. The five associate banks of SBI will be merged making even stronger as far balance sheet is concerned. This paves way for further consolidation among other PSU banks whic

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