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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 22nd Jan 2016

Published on Jan 22nd 2016


Indian markets are expected to open in the green tracking the SGX Nifty and Asian markets. US markets recovered from their steep losses from the day before. U.S. Energy stocks climbed as oil prices bounced back from their worst trading session in the last four months and strong earnings from Verizon lifted the Telecom stocks. Blue chip stocks did better than the rest of the market. Rebound in oil prices and positive commentary by ECB president Mario Draghi that ECB could do more to stimulate the Eurozone economy helped European markets to end the trading session up 2%. Notably FTSE 350 mining index bounced back from its 12year lows as Copper prices made modest gains. Selloff in the Indian equity markets continued for the second consecutive session with Sensex closing below the psychological 24000 mark for the first time since May 2014. Weak Asian cues and decline in the crude oil prices dampened the sentiment but recovery in the European markets helped Indian equit

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