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Market Outlook - 16th Dec 2015

Published on Dec 07th 2015

IT

Indian markets are expected to open on a Positive note tracking the SGX Nifty and most Asian markets. US markets moved upwards during Fridays session after the selloff that was seen in prior session. The rally was partly due to bargain hunting and also due to stronger nonfarm payroll employment numbers reported by the Labor Department which increased by 211000 jobs in November against estimates of 190000. The European markets ended Fridays session on a mixed note as the markets continued to struggle after the European Central Banks (ECB) failed to announce aggressive stimulus measures that left investors disappointed. Tracing the overall weakness in global markets post ECB policy and impending rate hike in the US the Indian market closed on a negative note on Friday.

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