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Market Outlook - 16th Dec 2015

Published on Aug 04th 2015


Indian markets are expected to open in red tracking SGX Nifty. U.S. stocks closed lower on Monday as investors weighed mostly on the lackluster ISM manufacturing data and renewed decline in the oil. Notably Apple Twitter stocks fell 2.4% and 5.6% respectively. U.K. stocks edged lower Monday hurt by selloff in mining stocks after data showed decline in the factory activity at China a key market for the group. Markets closed higher for fourth consecutive session on Monday aided by ICICI Bank SBI and ITC. Broader markets outperformed benchmarks with BSE Midcap and Smallcap indices rising 0.5% and 0.9% respectively.

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