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Market Outlook - 21st Dec 2015

Published on Dec 18th 2015


Indian markets are expected to open negatively tracking the SGX Nifty and most of its Asian peers. U.S. markets fell snapping their three day winning streak. The stocks were impacted by dip in the oil prices which are now at a seven year low. European shares closed higher after the US Federal Reserve announced its first hike in almost a decade signaling strengthen in the world’s largest economy. Global markets reacted positively to the US Fed hike as the uncertainty over the timing of the rate hike was finally removed. Indian shares closed in the green amid positive cues from the global markets as US Fed’s move to raise interest rates for the first time since 2006 was seen as a sign of confidence in the worlds biggest economy.

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