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Market Outlook - 28th Sep 2016

Published on Sep 28th 2016

IT

Indian markets are likely to open on a negative note considering global cues. After a fluctuating start of the day US markets moved higher towards the end of the day offsetting losses in the previous sessions. Sentiment improved as US consumer confidence index jumped to 104.1 in September vs. 101.8 in August showing an unexpected improvement in U.S. consumer confidence in September. The traders were also digesting last nights first presidential debate which did not seem to feature any substantial blows. Recent polls have shown any clear favorite to win the election hence uncertainty about the outcome of the election remains. The U.K. indices finished lower as bank shares dropped. The FTSE 100 index declined in the earlier sessions but managed to regain some lost ground towards the end of the day and closed at 6808 over better US economic. The uncertainty on the oil prices however persisted on Tuesday as major oil producers appeared to throw cold water on the prospect of

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