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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 20th Apr 2016

Published on Apr 20th 2016


Indian markets are expected to open flat tracking SGX Nifty. U.S. stocks closed mixed on Tuesday amid a rise in oil prices as declines in the Tech and Consumer Discretionary stocks weighed after mixed earnings reports. SP 500 and Dow Jones closed at their highest levels of the year so far and about 1.6% below their 52week intraday highs. Nasdaq composite underperformed closing 0.4% lower as Netflix plunged nearly 13% and Illumina plunged 23%. European indexes closed higher as a sharp tickup in oil prices and commodity stocks boosted sentiment along with encouraging set of corporate updates. After hitting a 4month high FTSE 100 closed 0.8% up lifted by outperformance of U.K. listed mining stocks. Indian indices rose for 4th consecutive session on Monday as investors cheered tech firm Infosys upbeat revenue forecast and its 3rd successive estimatebeating earnings (Indian markets to remain closed on Tuesday for holiday). Broader markets continued to outperform be

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