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Market Outlook - 19th Apr 2017

Published on Apr 19th 2017

IT

Indian markets are likely to open flat tracking the SGX Nifty. The US markets on Tuesday finished squarely in negative territory as a spate of tepid corporate earnings weighed on the broader market. The Dow Jones Industrial Average dropped 0.6% to close at 20523 while the SP 500 index fell 0.3% to end at 2342. The Nasdaq Composite Index lost 0.1% to close at 5849. The UK stocks saw the biggest oneday slide in nearly 10 months on Tuesday after Britain’s PM Theresa May called an early general election in a bid to strengthen the government’s position ahead of Brexit negotiations with the European Union. The FTSE 100 stumbled 2.5% to close at 7147 marking its biggest singlesession percentage drop since June 27 last year. Yesterday Indian shares rose after three straight sessions of falls on expectations of stronger earnings. The benchmark Sensex however gave up early gains to end lower after investors moved in to book profits. The 30share index shed 0.32% to end at 29319

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