Markets to open with gains; Sun Pharma Q2 eyed

Indian share markets witnessed massive volatility amidst the outcome of US Presidential election and clampdown on black money offenders in the country. Both the benchmark indices swung during the session. At one point Sensex was down 1689 points; whereas Nifty was down by 541 points to hit their post BREXIT lows on Wednesday, November 9, 2016. Nifty closed below the levels of 8450; whereas Sensex closed below 27300 on Wednesday.
 
European stocks surged in trade post Donald Trump acceptance speech, from their lows of the day. His speech was accepted by the investor community to be positive and conciliatory. All the major indices closed with gains of more than one per cent in trade on Wednesday, November 9.
 
US stocks rallied after the presidential results were announced, in anticipation that the new president would lower corporate tax rate and increase infrastructure spending. Dow Jones closed near its all-time high on Wednesday, November 9, 2016.
 
Asian shares rebounded sharply in trade post Trump win. All the major indices in the region pared yesterday’s loss and are up more than 2 per cent across the board. Nikkei is up close to 6 per cent in trade on Thursday, November 10, 2016.
 
SGX Nifty is trading with gains of 0.55 per cent to the levels of 8501. We expect markets to open in green. Sun Pharma will be in focus.