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Market Outlook - 16th Dec 2015

Published on Dec 14th 2015

IT

Indian markets are expected to open negatively tracking the SGX Nifty and weak global cues. U.S. markets fell steeply with the major indices correcting by about 2% as crude oil prices plumbed to seven year low levels on growing oversupply concerns. European shares closed lower with the pan European STOXX 600 closing down 1.9% as the decline in the oil prices weighed on the indices. Indian shares ended the week on a negative note. The decline in the indices was led by the banking and the telecom space.

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