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Market Outlook - 16th Dec 2015

Published on Dec 01st 2015


Indian markets are expected to open on positive note tracking the SGX Nifty and most Asian markets. U.S. markets ended Mondays session in the red. The weakness on US Market reflected uncertainty ahead of several key events in the coming days including the release of the Labor Departments monthly jobs report on Friday. The majority of the European markets ended Mondays session in the green on hopes for further ECB stimulus measures. The European Central Bank is will make its announcement upon the conclusion of its policy meeting on Thursday. The Indian markets ended little changed on Monday as mixed global cues and rupee weakness kept investors on edge ahead of GDP data due out later in the day. RBI is set to announce its fifth bimonthly monetary policy statement today at 11am. It is expected that the central bank will maintain statusquo on rates.

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