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Market Outlook - 21st Sep 2016

Published on Sep 21st 2016

IT

Indian markets are likely to open on a flat note considering global cues. US Stocks closed Tuesdays session on a modestly higher note ahead of two closely watched monetary policy decisions. Investors were reluctant to take significant positions ahead of monetary policy decisions by both the Bank of Japan and the U.S. Federal Reserve. The Biotech Index was the major gainer for the session posting a gain of 1.4%. UK indices closed the session mildly positive continuing its gains from the previous session. in the previous session. The index was supported by strong gains from specific stocks. Gaming company GVC Holdings which climbed 4% after a strong firsthalf result. Shire Plc rallied 2% after it announced that its subsidiary Shire Acquisitions Investments Ireland Designated Activity Company had priced its inaugural public offering at 12.1 bn. Indian markets closed lower on Tuesday breaking a four day winning streak on profit booking ahead of the FOMC meeting. Most sectoral indi

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