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Market Outlook - 16th Dec 2015

Published on Sep 07th 2015

IT

Indian markets are expected to open on negative tracking the SGX Nifty and global cues. US markets moved lower during trading on Friday following the release of the closely watched monthly employment report. The Dow dropped 272.38 points or 1.7 percent to 16102.38 the Nasdaq slid 49.58 points or 1.1 percent to 4683.92 and the SP 500 fell 29.91 points or 1.5 percent to 1921.22. The European markets ended Fridays session solidly to the downside. The highly anticipated U.S. employment report showed disappointing job growth which triggered uncertainty among investors. Indian markets tumbled on Friday mirroring weak cues from Wall Street Asia and Europe as anxiety ahead of U.S. jobs data due out tonight overshadowed optimism over the prospects of further ECB stimulus.

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