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Market Outlook - 22nd Sep 2016

Published on Sep 22nd 2016

IT

Indian markets are likely to open on a positive note considering global cues. US Stocks closed on a high note at the end of Wednesdays session as the Federal Reserve held off from pursuing a rate hike. Stocks were positive across most sectors with the gold indices leading the rally. Oil and gas indices rallied as well due to increase in the underlying commodity prices. UK shares ended in green yesterday as banks shares rallied after the Bank of Japan announced substantial changes to its monetary policy framework related to the adoption of qualitative easing. Barclays rallied more than 3 percent while other bank stocks such as HSBC Holdings Standard Chartered and Lloyds Banking Group climbed around 12 percent each. Indian markets ended on a flat note on Wednesday as investors were wary of building positions ahead of the FOMC meeting. The major loser for the session was the PSU Bank index which closed down 1.2%. The metal index continued its rally from the previous sessions and cl

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