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Market Outlook - 26th Apr 2016

Published on Apr 26th 2016


Indian markets are expected to open in the red tracking the SGX Nifty and weak Asian cues. US benchmarks ended marginally in the negative but well off the lows of the day as cautiousness prevailed ahead of the FOMC meet. The fed is expected to keep interest rates unchanged but investors will keep a close eye on Fed Chairs comments regarding the future outlook. European markets declined following the release of weaker than expected German business confidence data. Investors also remained cautious ahead of the central bank meetings in the U.S Japan. Indian markets closed negative on the back of weak global cues currency weakness and selling pressure ahead of the FO expiry on Thursday. Reliance Industries tumbled 2.4% despite reporting its highest quarterly net profit in over eight years.

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