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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 21st Jul 2016

Published on Jul 21st 2016


Indian markets are expected to open flat tracking SGX Nifty. Following the pullback seen in the previous session US stocks moved back to the upside during trading on Wednesday. The gains on the day lifted the Dow and the SP 500 to new record highs while the techheavy Nasdaq showed an even stronger upward move to reach its best levels of 2016. The European markets ended Wednesdays session in the green rebounding from yesterdays weak performance. Solid financial reports from companies like SAP Lonza and ASML Holding as well as Microsoft and Morgan Stanley in the U.S. provided a boost to investor sentiment. Indian markets rose for a second consecutive session on Wednesday amid increased buying by foreign investors as monsoon rains covered the whole county and Bihar Chief Minister and Janata Dal (United) chief Nitish Kumar pledged his support for the Goods and Services Tax (GST) Bill.

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