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Market Outlook - 16th Dec 2015

Published on Nov 06th 2015


Indian markets are expected to open in green tracking SGX Nifty Asian peers. U.S. stocks ended Thursdays session modestly lower for second consecutive day as investors turned cautious ahead of an important employment report due on Friday. Key indexes swung between small gains and losses before ending the day slightly lower as investors were weighing a possible rate hike in December 2015. Notably Energy Utilities and Materials were the biggest decliners. European stock ended the day in red as the pound dropped after Bank of England gave a downcast outlook for the British economy saying that weakness in emerging markets will drag on the growth and inflation prospects. Poor quarterly earnings led to correction across the Wm. Morrison Supermarkets and Randgold Resources stocks on Thursday. Indian markets ended the day in red for second consecutive trading session. With outcome of Bihar Exit polls later in the evening investors turned cautious. Key indices witnessed c

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