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Market Outlook - 26th Sep 2016

Published on Sep 26th 2016

IT

Indian markets are likely to open on a negative note considering global cues. U.S. stocks closed near session lows on Friday as investor sentiment to a hit over reports that major oil producers are not likely to reach an agreement to freeze production at a meeting this weekend. This resulted in the largest oneday loss for oil futures since midJuly. The energy sector tumbled 1.3% leading losses in the largecap benchmark. Among the internet space shares of Twitter soared 22% amid intensifying talk of a takeover either by Salesforce.com Inc. or Alphabet Inc. U.K. stocks inched lower on Friday as some miners and financials lost ground. The FTSE 100 index UKX 0.03% dipped by less than 0.1% to end at 6909.43 but that still left the bluechip benchmark up 3% for the week. Miners also were among the days notable losers after mostly gaining Thursday when a weaker dollar boosted metals prices. Energy stocks bounced back from early losses to finish higher. The Indian markets ended

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