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Market Outlook - 16th Dec 2015

Published on Nov 20th 2015


Indian markets are expected to open flat to negative tracking the SGX Nifty and global cues. The US markets ended flat following the substantial rally seen in the previous session as stocks showed a lack of direction throughout the trading day. The choppy trading on Wall Street came as traders took a breather on the heels of the volatility seen over the past few sessions. The rally seen in the previous session extended the strong upward move seen on Monday offsetting nearly the pullback seen last week. The European markets ended on a positive note. The markets moved higher in the early trade reacting to the minutes from the recent Federal Reserve meeting which were released after the European close on Wednesday. Meanwhile the ECB minutes released today suggest that further stimulus measures are likely. Indian shares followed global cues rising by 1.4% after various Fed officials signaled confidence in the world largest economy and the October FOMC minutes showed "most"

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