Tuesday, 28 July 2015

Expect market to open in red: Angel Broking

According to Angel Broking, markets are expected to open in red tracking SGX Nifty.

Angel Broking’s market report:

Indian markets are expected to open in red tracking SGX Nifty.

US markets closed down on Monday under pressure from an 8.5 percent overnight plunge in Shangai composite, on fears that Chinese government may pull back the support measures that stabilised the markets for last 3 weeks. Correction was led by Materials and Energy companies, which were impacted due to fall in Oil & Metal prices.

FTSE 100 fell on Monday, weighed down by fall in Pearson and commodity stocks, which pushed the market towards six month lows.

Markets continued their downward trend falling nearly 2 percent on poor global cues and concerns emerging over tighter norms on P-notes. Correction was seen across sectors, with Banking and Metal stocks witnessing maximum correction.

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1 comment:

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