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Market Outlook - 16th Dec 2015

Published on Aug 10th 2015

IT

Indian markets are expected to open negative tracking SGX Nifty. Dow index closed in negative for the seven straight sessions market recover some loss in later part of the trading session but ended negative. The weakness in market was seen due to the release of the highly anticipated monthly jobs data which was widely seen as strong enough to support an increase in interest rates in September. European markets ended in negative territory it got off to a weak start following the release of some disappointing German economic data. The situation did not improve after the release of the U.S. jobs report which was largely in line with expectations and in support of increase in interest rates in September. Indian markets fell on Friday on weak global cues and disappointing earnings from BHEL. Market were on wait and watch mode ahead of the release of U.S. jobs data that could provide fresh clues to determine whether the Federal Reserve will raise interest rates in September or wait u

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