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Market Outlook - 16th Dec 2015

Published on Sep 10th 2015

IT

Indian markets are expected to open on a negative note tracking the SGX Nifty and global markets. After initially registering sharp rise the US market pulled back and ended in the negative zone as traders were unwilling to partake in buying owing to lack of major economic data release. The European markets ended Wednesdays session in the green with markets feeding off on strong rally in the Asian markets. The markets reversed from their respective intraday highs after UK’s industrial production dropped 0.4% in July. The Indian markets rose strongly on Wednesday mainly on the back of positive movement across global markets. The surge in world stock markets amid signs of stability in China spurred gains in rupee for the second consecutive session

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