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Market Outlook - 16th Dec 2015

Published on Nov 04th 2015

IT

Indian markets are expected to open positive tracking the SGX Nifty and Asian markets. US market climbed on the day extended the rally that was seen over the course of the previous session. While buying interest faded late in the session as report from the Commerce Department showed factory orders saw further downside in the month of September. The factory orders fell by 1.0 percent in September after tumbling by a revised 2.1 percent in August. European markets ended yesterday’s session on mixed note. Due to a lack of global economic data corporate news was in focus. Financial stocks were under pressure due to news out of UBS and Standard Chartered. Volkswagen emission scandal has worsened after further allegations from the United States. Meanwhile energy stocks were among the best performing stocks due to rising crude oil prices. Indian markets snapped a sixday losing streak on Tuesday as positive global cues and encouraging core sector data helped spur some bargain hunting

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