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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 18th Aug 2016

Published on Aug 18th 2016


Indian markets are likely to open in positive note tracking SGX Nifty and Global markets. The modestly higher close on US market came following the release of the minutes of the Federal Reserves latest meeting which suggested that officials were mixed about the outlook for monetary policy. The European markets were slightly lower Wednesday amid consternation about the upcoming Federal Reserve minutes. Indian markets fell for a second consecutive session Wednesday as IT stocks continued to bleed in reaction to Royal Bank of Scotlands decision cancelling a 300m contract with Infosys. Further weak global cues also dented investor sentiment as investors looked ahead to minutes of the Feds July policy meeting scheduled for release tonight for clues on the probability of the next Fed rate hike.

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