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Market Outlook - 16th Dec 2015

Published on Oct 28th 2015

IT

Indian markets are expected to open on a Flat to Negative note tracking the SGX Nifty and most Global markets. The US markets moved lower and ended in the negative territory yesterday as the traders booked profits ahead of FOMC rate decision and Federal Reserve commentary. Disappointing Durable Goods orders which declined by 1.2% in September and decline in US Consumer Confidence to 97.6 also added to the negative sentiment. The European markets also ended in the red yesterday as disappointing quarterly earnings from companies like BASF and Novartis and poor U.K. GDP growth (declined by 0.5% vs. expected growth of 0.6%) dampened investor sentiment. Indian markets were down throughout the day as mixed corporate earnings continued to disappoint traders.

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