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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 26th Jul 2016

Published on Jul 26th 2016


Indian markets are expected to open flat tracking SGX Nifty. U.S. stocks retreated from record levels to close lower on Monday. This was due to investors turning cautious ahead of upcoming earnings announcements and central bank meetings. The Federal Reserve is scheduled to have a meeting on Wednesday but rates are expected to remain unchanged. U.K. stocks closed lower on Monday as losses from commodity shares pulled the benchmark index lower. Stocks were under further pressure after industrial trends from the Confederation of British Industry showed business optimism at its lowest level since January 2009. Equity benchmarks rallied on broad based buying by FIIs as a result of which markets closed at a 52 week high. Banking realty and oil gas shares were among the star performers of the day with the respective sectoral indices on the BSE gaining more than 1 percent each.

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