Stock Market Today by Shailesh Saraf 27th May 2016
Indian Market Outlook:
Yesterday, Nifty futures expired on a highly bullish note at 8070. Nifty is opening gap up at 8103 at 8:25 am IST. Today we have India's largest PSU Bank announcing its quarterly results at 1 PM IST which would set the further tone for the Indian Markets.International Market Outlook
Asian Markets along with European and American peers are trading in green Thursday morning. Yellen will make her first public appearance in nearly two months at a ceremony when she receives the Radcliffe Medal from Harvard University's Radcliffe Institute for Advanced Study on Friday afternoon. Yellen could provide further hints on the pace of the Fed's long-term rate path in a Question-And-Answer session with Harvard economics professor Gregory Mankiw after the presentation. Over the last two months, Yellen has reiterated that the Fed will raise rates gradually in the current cycle, amid widespread volatility in global financial markets and persistently low inflation. Two other Federal Open Market Committee (FOMC) policymakers, St. Louis Fed president James Bullard and Fed governor Jerome Powell, sent indications on Thursday that the Fed could raise rates shortly.
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