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Market Outlook - 21st Jan 2016

Published on Jan 20th 2016

IT

Indian markets are expected to open negative tracking the SGX Nifty and Asian markets. US markets closed flat after Chinas government said the nations economic growth rate eased to 6.8% for the fourth quarter and 6.9% for 2015. Beijing is also expected to offer stimulus as the economic growth was the slowest in many years. European markets also bounced back from their lowest levels in 13 months on the back of stimulus hopes from China and the lower than expected fall in its GDP. Eurozone construction output increased for the second straight month in November to a seasonally adjusted 0.8% monthovermonth in November faster than the 0.6% gain in the previous month. Inflation in the Eurozone also rose slightly as estimated in December to 0.2% in December from 0.1% in November. Led by positive global cues Indian markets too snapped a losing streak after investors heaved a sigh of relief that the Chinese slowdown was not as bad as expected. Metal stocks gained in trade after Chinese

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