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Market Outlook - 16th Dec 2015

Published on Sep 11th 2015

IT

Indian markets are expected to open on a Positive note tracking the SGX Nifty and most of global markets. The US markets remained volatile throughout Thursdays trading session but largely managed to maintain a positive bias. Traders also reacted to U.S. economic data that included Weekly Initial Jobless Claims. The report showed that jobless claims were inline with estimates coming in at 275000. The European markets closed in the negative territory after 3session winning streak on Thursday. The pull back was attributed to profit taking after the recent run up in equities. Disappointing economic data from China where inflation accelerated to 2.0% in August as compared to 1.6% in July on soaring food prices. The Indian markets dipped on account of profit booking on Thursday after rallying sharply in the previous two sessions. Sustained capital outflows by foreign funds monsoon concerns disappointment over the delay in enacting the Goods and Services Tax (GST) Bill and

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