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Market Outlook - 16th Dec 2015

Published on Nov 13th 2015

IT

Indian markets are expected to open in red tracking SGX Nifty and Asian peers. U.S. stocks closed more than 1% down on Thursday under pressure from sharp fall in the oil prices as investors eyed negatively several speeches from the Fed officials. Energy closed down nearly 2.4% as the greatest decliner in SP which was lower for the 6th time in 7 sessions. All major indices posted their worst day since Sept. 28 with SP 500 ending lower yeartodate for the first time since Oct. 22 and the Dow Jones industrial average off more than 250 points. British bluechip stocks dropped the most in last 6 weeks on Thursday leaving the benchmark FTSE 100 at its lowest in more than a month’s time. Commodity shares slumped as metals prices declined while RollsRoyce Holdings Plc shares dropped on the back of aircraftengine makers profit warning. FTSE was down by 1.9% the sharpest percentage loss since Sept. 28. After a dismal trading session on Tuesday markets showed a bit of enthusiasm

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