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Market Outlook - 27th Oct 2016

Published on Oct 27th 2016

IT

Indian markets are likely to negative tracking global cues and SGX Nifty. U.S. indices had a mixed session on Wednesday as a number of earning results came in. Apple Inc. (AAPL) fell by 2.2% after it released a mixed earnings report. Homeimprovement retailer Lowes Cos. Inc. fell 1.6% after it was hit with two downgrades. New home sales rose in September though the increase was helped by revisions to the previous months data. UKs FTSE index lost its previous days gains as commodity prices slumped with crude prices falling below 49. Antofagasta dropped 3.15% after the company guided toward a lower copper output range in 2017. Royal Bank of Scotland Group finished higher by 0.73 percent after Clydesdale made a preliminary nonbinding proposal to buy its Williams Glyn operations. Indian indices lost ground for another session as weakness in Tata group stocks pulled down the broader indices lower. Tata Group stocks remained under pressure with Tata Motors and Tata Steel losing abou

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