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Market Outlook - 16th Dec 2015

Published on Oct 07th 2015


Indian markets are expected to open in positive tracking the SGX Nifty and the Asian cues. U.S. stocks moved mostly lower during trading on Tuesday. The weakness on Wall Street was largely due to profit taking as traders cashed in on the strong upward move seen over the two previous sessions. Uncertainty about the upcoming earnings season also weighed on the markets. The European markets after a volatile start turned positive in the afternoon session. Some disappointing economic data from Europe particularly the unexpected decrease in German factory orders weighed on investor sentiment in early trade. Rising commodity prices especially the continued increase in oil prices provided a boost to the markets in the afternoon. The Indian markets extended recent gains on Tuesday with sentiment supported by positive global cues and a firm rupee which held steady after a fiveday rally on expectations the U.S. economy is not ready for an interestrate rise anytime soon. After a volati

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