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Market Outlook - 16th Dec 2015

Published on Dec 08th 2015

IT

Indian markets are expected to open on a Negative note tracking the SGX Nifty and most Global markets. US markets closed in the negative zone after showing falling in the yesterdays early trading session. Weakness was on the back of resource and energy stocks coming under pressure amid notable decline in commodities and oil prices. Selling pressure was also generated by concerns about the outlook for monetary policy ahead of next weeks Federal Reserve meeting. Sparked by European Central Bank President Mario Draghis dovish comments on Friday European markets rallied in early trade yesterday. However the markets pulled back on account of decline in oil prices and weaker opening in the US markets. Indian market continued to slide for the fourth day as foreign fund selling amid growing fears over the interest rate hike in the U.S. this month kept investors nervous.

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