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Market Outlook - 16th Dec 2015

Banking | Published on Feb 02nd 2016


Indian markets are expected to open flat to positive tracking the SGX Nifty and its asian peers. US markets closed roughly flat after seeing early weakness. The early weakness on Wall Street came amid a sharp drop by the price of crude oil as well as the release of some disappointing Chinese manufacturing data. Crude oil for March delivery tumbled 2 to 31.26 a barrel after rising 0.33 or 0.1 percent to 33.62 a barrel in the previous week. The pullback by the price of crude came after a report from the Chinese National Bureau of Statistics showed that the Chinese manufacturing sector contracted at a faster rate in January The European markets ended the first session of the new trading week in the red. Following the rally at the end of the prior trading week stocks gave up early gains Monday due to falling crude oil prices and renewed concerns over China. Indian shares ended a lackluster session in the red tracking mixed global markets after oil prices fell around 2 p

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