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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 28th Jul 2016

Published on Jul 28th 2016


ndian markets are expected to open flat tracking SGX Nifty. The Dow Jones and the SP 500 Index closed lower on Wednesday after briefly notching gains on the session after the Federal Reserve signalled a willingness to raise benchmark interest rates in the fall. Consumerstaples shares led by a 3.3% drop in shares of CocaCola Co. Energy stocks were down 1% suffered from a drop in crudeoil prices while technology and telecom shares advanced slightly. European stocks finished higher Wednesday with surges in shares of French firms LVMH and Peugeot SA helping to offset a drop in Deutsche Bank AG shares after the German lenders profit plunged. The U.Ks FTSE 100 was up with shares of broadcaster ITV PLC closing up nearly 8% and helping the British benchmark reach a fresh 2016 closing high. After a consolidation Indian indices closed marginally higher on Wednesday as traders remained cautious ahead of the expiry of derivative contracts the outcome of Federal Reserves

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