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Market Outlook - 16th Dec 2015

Published on Sep 16th 2015

IT

Indian markets are expected to open on a Positive note tracking the SGX Nifty and global markets. The US markets traded in the positive territory through out the day and closed higher as some weaker than expected economic data provided support for the view that the Federal Reserve will leave interest rates unchanged later this week. Earlier in the session the Commerce Department released retail sales data which increased by 0.2% in August against estimates of 0.3%. Additionally Industrial Production fell by 0.4% in August against estimated decline of 0.2%. After fluctuating earlier in the data the European markets ended Tuesdays session in the green mainly led by positive opening in the US markets which opened on positive note. Indian shares gradually traded lower on Tuesday as nervousness ahead of the FOMC announcement on Thursday prompted traders to book profits. Weak global cues also weighed on investor sentiment.

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