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Market Outlook - 16th Dec 2015

Published on Nov 17th 2015


Indian markets are expected to open positive tracking the SGX Nifty and global cues. US markets opened in the red following concerns about a wider conflict after the Paris attacks. However markets changed direction and ended firmly in the positive. European markets too pulled back in early trade following the terrorist attacks. However the markets recouped most of their losses to close marginally in the red. Travel and leisure stocks were under pressure but gains in energy stocks helped to offset that impact. Indian markets closed in the green after six straight sessions of losses led by value buying at lower levels. Sentiment was also buoyed after the IMF voiced optimism about Indias growth story and listed out various positive developments in a report published ahead of the G20 Summit.

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