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Market Outlook - 16th Dec 2015

Published on Nov 09th 2015


Indian markets are expected to open in red tracking SGX Nifty. Labor department on Friday released its jobs report. Labor department said that economy added 271000 jobs in October largest monthly gain this year. Also employment rate fell to 5% and hourly wages rose at the fastest yearoveryear pace since 2009. These strong numbers have raised concerns for traders to wrestle between the impact of end of ultra loose monetary policy and signs that U.S. economy is on a healthy path. U.S. stocks mostly ended the Fridays session higher. European stock ended mixed on Friday after better than expected U.S. jobs report. DAX and CAC ended in green whereas FTSE ended in red. After some struggle Indian markets ended Fridays trading session in red for third consecutive session. Banking stocks perked up but Pharma and Metal stocks lagged behind. With outcome of the Bihar Elections ahead investors turned cautious.

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