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Market Outlook - 16th Dec 2015

Published on Dec 03rd 2015

IT

Indian markets are expected to open on a negative note tracking the SGX Nifty and most Asian markets. The U.S. markets ended Wednesdays session in the red. The weakness that emerged on market was partly due to a sharp drop by the price of crude oil. Further concerns about the outlook for monetary policy also weighed on the markets. The European markets ended Wednesdays session with mixed results. Trading action was choppy as investors have turned nervous ahead of Thursdays announcement from the European Central Bank. The disappointing Eurozone inflation data released on Wednesday contributed to those concerns. The Indian market closed on negative note mainly due to a decline in the banking shares.

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