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Market Outlook - 28th Dec 2016

Published on Dec 28th 2016

IT

Indian markets are expected to open positive tracking the SGX Nifty. U.S. markets finished slightly higher on Tuesday in sluggish trade following the Christmas holiday. The Dow Jones Industrial Average rose 0.1% to end at 19945 remaining just shy of the psychologically important 20000 milestone. The Nasdaq Composite however notched a record close finishing with a gain of 0.5% at 5487. The SP 500 notched a minor rise up 0.2% at 2269.The UK markets were closed on Monday. Indian market ended on a strong positive note yesterday shrugging off the negativity accumulated over last many weeks. BSE Sensex closed higher by 406 points to 26213 while the Nifty 50 of the NSE rose 125 points to 8033. The rebound came after Monday’s highly volatile session which was sparked after PM’s comment on tax regime. The market however saw strong support in Finance Minister’s comment which indicated of globally competitive tax rate regime and possible tax rate cuts in the upcoming budget. He ha

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