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Market Outlook - 16th Dec 2015

Published on Oct 26th 2015


Indian markets are expected to open on positive note tracking the SGX Nifty and most its Asian peers. Extending the rally seen in the previous session the US markets closed higher mainly on the news that China Central Bank had unexpectedly lowered interest rates. Additionally the markets also reacted to strong quarterly numbers reported by tech companies after the close of Thursday trading session. European stocks also extended gains for a second day on expectations of European Central Bank (ECB) considering expanding its stimulus program in December and on news of Chinese rate cut. Indian Markets closed in the positive territory and snapped its twoday loosing streak as it mirrored global market reaction to positive news flow from Europe.

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