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Market Outlook - 16th Dec 2015

Published on Oct 13th 2015


Indian markets are expected to open flat tracking the SGX Nifty and some of its Asian peers. US stocks extended its winning streak to seven days eking out marginal gains in yesterday’s trading session. Volumes were thin and the volatility subsided as global conditions such as China commodities were stable and Federal Reserve has status quo on interest rates. European indices declined breaking its longest gaining streak in almost three months indicating profit booking by the market participants. Indian markets closed in the red led by IT and index major Infosys shares. Infosys script lost close to 4% in the trading session after the company cut its FY 2016 revenue growth guidance in dollar terms. Post Infosys cutting its guidance weakness was seen in other IT shares such as TCS Mindtree Wipro and Oracle Financial Services.

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