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Market Outlook - 16th Dec 2015

Published on Aug 03rd 2015


Indian markets are expected to open in green tracking SGX Nifty. U.S. markets ended on a sour note on Friday as drop in energy prices eclipsed wage data that supported expectations that Fed might hold off interest rates. Exxon Mobil and Chevron shares were down over 4% after they reported poor earnings due to weak oil prices. FTSE 100 again held its ground on Friday with narrow gains after it felt the influence of Greek debt crisis. IMF said they are cautious about contributing to Greece’s current bailout plan and said that current debt needs to be restructured. Capital infusion in banks some clarity on retrospective tax on capital gains cheered investors and led to over 1% rally in Indian equity markets on Friday.

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