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Market Outlook - 20th Feb 2017

Published on Feb 20th 2017

IT

Indian markets are likely to open with a positive bias tracking SGX Nifty % Asian markets. After initially moving to the downside US market turned in a lackluster performance over the course of trading session on Friday. Even with the choppy trading the major averages managed to reach new record closing highs. Profit taking contributed to the initial weakness on Wall Street although traders seemed somewhat reluctant to make significant moves. The majority of the European markets ended Fridays session in the red extending their losses from the previous session. The recent rally in Europe and on Wall Street appears to be running out of steam due to uncertainties over the U.S. fiscal and monetary policies. Indian markets surged higher for the second day in a row on Friday to close near fivemonth highs even as caution bled into global markets on uncertainties over the U.S. fiscal and monetary policies

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