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Market Outlook - 12th Jan 2016

Published on Jan 05th 2016

IT

Indian markets are expected to open on a Positive note tracking the SGX Nifty and most Asian markets. Yesterday US markets closed in the negative territory following sell off in global markets on renewed fears of global slowdown. The sell off was triggered after the Chinese Caixin report showed that index of Chinese manufacturing activity continued to indicate a contraction in December. The Caixin Purchasing Managers Index fell unexpectedly to 48.2 in December from 48.6 in November vs. expectations of 48.9. Tracing the same reasons the European markets slumped amid the sharp selloff in Chinese stocks. Indian markets were down by 2% yesterday tracking weak trend in Asian and European markets after Chinese markets fell by 7% resulting in trading being halted.

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