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Market Outlook - 16th Dec 2015

Published on Aug 07th 2015

IT

Indian markets are expected to open negative tracking SGX Nifty. Wall Street traded lower weighed by biotech shares and second day of sharp declines in Media companies after Viacoms revenue miss was linked to viewers increasingly shifting from cable television to online streaming. U.K. stocks were little changed paring an earlier retreat after fewer Bank of England policy makers than expected voted to increase interest rates this month. FTSE 100 Index lost 0.1% at the close in London after earlier falling as much as 0.5%. Declines in miners and oil companies weighed on the benchmark. BHP Billiton Ltd. and Glencore Plc fell at least 2%. After a sluggish day markets geared up to rally at the end. However this rally of Nifty to scale above 8600 was not successful as index heavyweights ITC CIL Vedanta Reliance and Tech Mahindra pulled Nifty down.

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