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Market Outlook - 16th Dec 2015

Published on Oct 16th 2015


Indian markets are expected to open positively tracking the SGX Nifty and most its Asian peers. US stock markets posted its biggest gain in almost two weeks. The markets closed higher led by shares of financial companies after Citigroup posted strong earnings growth in its third quarterly results. European indices rallied after European Central Bank said inflation was missing its target thus raising speculation that the central bank may increase stimulus measures in the Eurozone. Indian markets edged higher snapping three day losing streak. Markets were in the green led by positive cues from the global markets (Asian and European indices were up). Public sector companies auto stocks and index heavyweights ITC and LT led the gains for the market.

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