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Market Outlook - 16th Dec 2015

Published on Oct 27th 2015

IT

Indian markets are expected to open on a Flat to Negative note tracking the SGX Nifty and most Global markets. After a substantial rally in the previous two sessions US markets showed weakness and closed on a flat note as traders were reluctant in participating ahead of Federal Reserves (Fed) Monetary Policy announcement on Wednesday. Major European markets closed yesterdays trading session on a negative note as traders booked profits after the extended gains. Additionally there was little economic data to drive trading action and traders were also reluctant ahead of Fed announcement. Indian markets erased its early gains and closed yesterdays trading session in the negative zone as domestic companies reported earnings that continued to disappoint traders.

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