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Market Outlook - 30th Nov 2016

Published on Nov 30th 2016

IT

Indian market is expected to open on a flat note tracking the SGX Nifty. The US markets closed higher on Tuesday but below record highs as betterthanexpected economic reports were tempered by a drop in oil prices. The Dow Jones Industrial Average rose 0.1% to close at 19122. The SP 500 index advanced 0.1% to finish at 2205 with healthcare and realestate the strongest sectors. Oil companies weighed on the London market as energy shares were hit by a fall in oil prices ahead of the meeting of OPEC oil producers on Wednesday. At close the benchmark FTSE 100 index was down 0.4% at 6772. Rising for the third straight session benchmark Sensex gained about 44 points to close at over twoweek high of 26394 on gains in select blue chips. Sentiment remained upbeat for the better part of the day after the government yesterday provided yet another opportunity to black money holders to legalise their wealth. RBI had yesterday said lenders had received Rs8.45 lakh crore (123.

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