Indian Market Outlook:
Bank of England’s monthly monetary policy is scheduled at 4:30pm on Thursday the 16th of June. This meet comes on the heels of the EU referendum which is due on the 23rd of this month. Survey conducted by the top polling bodies suggest that leave voters are ahead of the stay voters paving the way for Britain to exit the Eurozone. Indian markets can open gap down on Friday morning the 17th of June.
The minutes are expected on Friday and due to the Brexit uncertainty markets will remain in a panic mode. Polling will be held between 12:30pm IST on 23rd of June and 3:30 am IST on the 24th of June. Fifty percent of the vote count results is expected to be released at 9am IST on the 24th of June and the final results are expected around 12:30 in the afternoon the same day. Nifty is expected to open gap down at 8180 as per SGX at 8:20 am IST.
International Market Outlook: Global markets are still subdued after the FOMC meet yesterday night where The FED maintained status quo on its policy stance, signaling a gradual process in its rate hike trajectory. Nervousness is expected to stay over the BOE rate decision today and the BREXIT referendum results due next week.
Help from: Dynamic Levels
Bank of England’s monthly monetary policy is scheduled at 4:30pm on Thursday the 16th of June. This meet comes on the heels of the EU referendum which is due on the 23rd of this month. Survey conducted by the top polling bodies suggest that leave voters are ahead of the stay voters paving the way for Britain to exit the Eurozone. Indian markets can open gap down on Friday morning the 17th of June.
The minutes are expected on Friday and due to the Brexit uncertainty markets will remain in a panic mode. Polling will be held between 12:30pm IST on 23rd of June and 3:30 am IST on the 24th of June. Fifty percent of the vote count results is expected to be released at 9am IST on the 24th of June and the final results are expected around 12:30 in the afternoon the same day. Nifty is expected to open gap down at 8180 as per SGX at 8:20 am IST.
International Market Outlook: Global markets are still subdued after the FOMC meet yesterday night where The FED maintained status quo on its policy stance, signaling a gradual process in its rate hike trajectory. Nervousness is expected to stay over the BOE rate decision today and the BREXIT referendum results due next week.
Help from: Dynamic Levels
UK Central Bank Meet Today May Trigger Selloff In Nifty
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