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Market Outlook - 16th Dec 2015

Published on Oct 19th 2015

IT

Indian markets are expected to open negative tracking the SGX Nifty and most its Asian peers. US Market showed a lack of direction throughout much of the trading day on Friday but managed to end the session moderately higher. The higher close on Wall Street seemed to reflect the recent upward momentum for the markets with stocks continuing to recover from the selloff seen in midAugust. The European markets ended Fridays session slightly to the upside. The strong rally on Wall Street yesterday and the positive performance of the Asian markets translated into early strength in Europe. The Indian markets closed notably higher on Friday as positive global cues outweighed disappointing exports data.

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