Market Outlook - 24th Feb 2016

Published on Feb 24th 2016


ndian markets are expected to open negative tracking the SGX Nifty and some of its Asian peers. U.S. markets closed lower Tuesday as hopes of an oil production cut were dashed and after a miss in the consumer confidence index. The European markets ended Tuesdays session in the red after climbing to 3week highs in the previous session. Weakness in crude oil prices had a negative impact on sentiment as they again failed to sustain recent gains. Indian markets tumbled on Tuesday as banking stocks resumed their selloff and the rupee weakened to a fresh 30month low versus the dollar on continued foreign fund outflows and amid anxiety ahead of the upcoming Budget.

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