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Market Outlook - 16th Dec 2015

Published on Sep 24th 2015

IT

Indian markets are expected to open flat tracking the SGX Nifty and Asian cues. The US markets closed flat showing a lack of direction reflecting continued uncertainty about the outlook for U.S. monetary policy following last week Federal Reserve decision. European markets ended in the green led by bargain hunting at lower levels and improvement in market sentiment on account of rebound in shares of Volkswagen after 2 days of sharp declines. Indian equities opened lower but recovered during the day on account of positive cues from Europe and comments from Chinese President Xi Jinping that a cheaper currency would not be used to boost exports.

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