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Market Outlook - 16th Dec 2015

Published on Nov 23rd 2015

IT

Indian markets are expected to open on a positive note tracking the SGX Nifty and global cues. U.S. stocks closed in the green on Friday marking its best week as big gains in shares of retail and technology companies pushed the indices higher. The European markets edged higher clocking three month highs. Talks of further stimulus measures from European Central Bank led to gains in the indices. Indian markets closed with a marginal gain in a volatile trading session. The markets gave up almost entire gains after rising 0.8% at day’s high. Rally in automotive stocks following a Seventh Central Pay commission which proposed a hefty 24% hike for Government employees had pushed the market higher in early trade.

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