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Market Outlook - 16th Dec 2015

Published on Nov 24th 2015

IT

Indian markets are expected to open negatively tracking the SGX Nifty and global cues. U.S. stocks closed mildly in the red as investors eyed fluctuations in oil prices and looked ahead to take cues from economic data (US would release its quarterly GDP growth data today). The European markets fell as sliding metal and oil prices hurt heavyweight mining and energy companies stocks. Indian markets closed with marginal losses in the first trading session of the week. The session was volatile as the markets opened in the green and reversed initial gains to hit intraday low in the mid afternoon. Decline in index major ITC and metal and mining stocks (Tata Steel SAIL and JSW Steel) dragged the indices.

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