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Market Outlook - 26th Dec 2016

Published on Dec 26th 2016

IT

Indian markets are expected to open negative tracking the SGX Nifty. The US markets traded on a slightly higher tone on Friday capping off an uneventful week in the market. After trading flat for most of the day the SP 500 Index rose 0.1% to close at 2264. Most sectors finished mixedtolower. Health was the biggest outlier rising 0.7%. The Dow Jones Industrial Average inched up 0.1% to 19934. The technologyheavy Nasdaq Composite Index rose 0.3% to 5463. The U.K. markets closed with a small rise on Friday but gains were limited as a flurry of Justice Department settlements sent ripples through the banking sector. The FTSE 100 finished up by 0.06% at 7068 after swaying between small gains and losses in a holidayshortened session. Sensex on Friday reclaimed the key 26000 mark by recovering 61 points helped by gains in pharma auto and capital goods. Intraday markets shuttled between 7942 and 8023. For the major part of the session both Sensex and the Nifty moved i

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