Thursday, 8 October 2015

Expect market to open on negative note: Angel Broking

According to Angel Broking, markets are expected to open in negative tracking the SGX Nifty and the Asian cues.

Indian markets are expected to open in negative tracking the SGX Nifty and the Asian cues.

US stocks fluctuated over the course of the trading session on Wednesday but largely managed to maintain a positive bias on the day. Market were positive on Wall Street was partly in reaction to strength in the overseas markets, as stocks in Asia and Europe moved mostly higher. Trading activity was somewhat subdued, however, as traders seemed somewhat reluctant to make any significant moves amid a lack of major US economic data.

The European markets pared their gains in late trade Wednesday, but extended their recent winning streak to a fourth session. The recent gains continued to be fueled by strength in energy and mining stocks. Commodity prices have been rising since the start of the trading week.

The Indian markets posted modest gains on Wednesday as positive cues from Asia and Europe coupled with hopes that the government would roll out a new goods and services tax (GST) in 2016 helped investors signal off the IMF's revised downward forecast for global economic growth.

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2 comments:

Akash Jayant said...

Market performance is average today because nifty is increased 50 points and senses down 200 points.
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Mahek Tiwari said...

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