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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 28th Nov 2016

Published on Nov 28th 2016

IT

Indian market is expected to open on a negative note tracking the SGX Nifty. The US markets closed slightly higher during Friday’s shortened trading session as stocks extended gains on optimism over the Trump presidency. The US Commerce Dept. released a report showing that the trade deficit in goods widened much more than expectations. The goods deficit widened to 62bln in October against an expectation of 59.7bln. The FTSE moved higher as UK GDP data came in line with expectations. Pharma stock AstraZeneca moved up 2.17 percent after an analyst upgrade. While stocks Daily Mail and General Trust dropped about 3.95 percent after they were downgraded by Barclays from to Underweight from Equal weight. Indian stocks gave a strong broad based rally on Friday as value buying pushed stocks higher. Indian markets were able to shrug off concerns of the impact of demonetization and a weak rupee to post its highest one day gain in six months. The IT index gave the strongest performance and c

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