According to Angel Broking, markets are expected to open on a positive note tracking the SGX Nifty and most of global markets.
Angel Broking’s market report:
Indian markets are expected to open on a positive note tracking the SGX Nifty and most of global markets.
he US markets remained volatile throughout Thursday’s trading session but largely managed to maintain a positive bias. Traders also reacted to US economic data that included Weekly Initial Jobless Claims. The report showed that jobless claims were in-line with estimates, coming in at 275,000. The European markets closed in the negative territory after 3-session winning streak on Thursday. The pull back was attributed to profit taking, after the recent run up in equities. Disappointing economic data from China where inflation accelerated to 2 percent in August as compared to 1.6 percent in July on soaring food prices.
The Indian markets dipped on account of profit booking on Thursday after rallying sharply in the previous two sessions. Sustained capital outflows by foreign funds, monsoon concerns, disappointment over the delay in enacting the Goods and Services Tax (GST) Bill and news that Standard & Poor's has downgraded Brazil's investment-grade rating to BB+ also weighed on the markets.
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First Published on Sep 11, 2015 09:02 am