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Market Outlook - 12th Jan 2016

Published on Jan 01st 2016

IT

Indian markets are expected to open on a negative note tracking the SGX Nifty. U.S. markets ended in red partly in reaction to the release of some disappointing U.S. economic data. The major averages turned in a mixed performance for the year, as the Nasdaq surged up by 5.7 percent but the Dow tumbled by 2.2 percent and the S&P 500 slid by 0.7 percent The majority of the European markets that were open for business Thursday finished in the red. Markets will be closed Friday for the New Years Day holiday. Trading activity was relatively light due to the holiday and the number of closures and early closes. Indian shares closed in positive on the last trading day of calendar year 2015 despite mixed global cues. Stocks moved in a narrow range in early trade before gaining some momentum in the afternoon. However, Nifty declined by 3.1 percent for the calendar year 2015.

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