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Market Outlook - 16th Dec 2015

Oil & Gas | Published on Jan 07th 2016


Indian markets are expected to open on a Negative note tracking the SGX Nifty and Global markets. U.S. stocks declined in early session and ended the day in the negative territory owing to geopolitical events/concerns (tension between Saudi Arabi Iran and possible nuclear test in North Korea) and fears about the current state of Chinese economy. European markets also declined yesterday hit by weakness in the commodity sector as concerns over the Chinese economy resurfaced after it allowed the yuan to weaken further. Geopolitical concerns also weighed on the markets. Indian markets continued to post losses for third consecutive trading session yesterday mainly on concerns of global weakness and correction in oil prices. Smallcaps and midcaps continued to outperform the benchmark indices.

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