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Market Outlook - 16th Dec 2015

Published on Oct 15th 2015

IT

Indian markets are expected to open positively tracking the SGX Nifty and its Asian peers. US stocks closed in the red led by a report from the Federal Reserve which pointed to a stalled growth in the economy. Further decline in retail major Walmart’s stock after it gave a gloomy forecast also put pressure on the indices. European indices closed in the red as slowdown in China continued to weigh on the investor sentiments. The decline was broadbased with most of the sectors in the pan European STOXX 600 closing negatively. Indian markets declined for the third consecutive trading session. Decline in heavyweights TCS and HUL post the results announcement dragged the overall indices.

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