Market Outlook - 28th Jan 2016

Published on Jan 25th 2016


Indian markets are expected to open in the green tracking the SGX Nifty. Oil prices rallied 10% as frigid weather across U.S.A and Europe boosted the energy demand. Bounce back in the oil prices led to 2% rally in benchmark SP 500 which registered its first positive week in 2016. Energy stocks led the rally with Exxon Mobil ending up 3.3%. Also SP Energy Index .SPNY was up 4.3%. Index rally was supported by 5.3% runup in Apple stock ahead of its quarterly results. FTSE 100 reported its first weekly gain in a month as oil prices rebounded from multiyear lows and investors cheered the prospect of more stimulus from European Central Bank. Amongst the key gainers were BP (up 3%) BG Group (up 5%) and Royal Dutch (up 5%). Indian stock markets ended up 2% on Friday their biggest singleday % gain since October as hints of more stimulus measures from European Central Bank lifted the global markets. Most of the beaten down Banking Auto Oil and Infra stocks saw short cov

Download Full Report

Trade Securely


Portfolio Tracking & Trading Application View Demo