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Market Outlook - 16th Dec 2015

Published on Mar 04th 2016

IT

Indian markets are expected to open on Positive note tracking SGX Nifty. US markets finished higher on Thursday following strong economic data released with eagerly anticipated February jobs data. US data releases showed modestly slower services sector activity in Feb and modest increase in industrial orders in Jan. Initial jobless claims rose slightly last week but remained at low level. Most of the commodity and oil linked stocks were higher as prices of copper and some other industrial commodities rose higher. Among the major gainers in Dow were Caterpillar (up 3.4%) Transocean (up 10.1%) and Apache (up 7.4%). Glencore worlds largest copper supplier surged 5.6% to emerge as second best performer on FTSE. Fresh Chinese stimulus has raised hopes of turnaround in fortunes of industrial metals resulting in gains for metal stocks like Anglo American BHP Billiton Rio Tinto. Admiral was the biggest gainer in FTSE. Rally across Indian stocks continued for 3rd consecutiv

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