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Market Outlook - 24th Jun 2016

Published on Jun 24th 2016


Indian markets direction will be uncertain in the midst results coming out from the EU referendum poll in the UK with neither sides seeming to have a convincing lead. U.S. Markets closed higher Thursday with all three indexes rallying as investors wagered that the U.K. will choose to remain in the European Union in a historic referendum with farreaching implications. The European markets ended Thursdays session in the green bringing its winning streak to five sessions. The gains were fueled by optimism that the U.K. will remain part of the European Union following the results of recent polls. Indian markets rose sharply on Thursday with sentiment supported by a rally in European markets and gains in rupee after two new polls suggested the Remain campaign has taken the lead in Britains referendum on EU membership.

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