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Market Outlook - 30th Dec 2015

Published on Dec 28th 2015

IT

Indian markets are expected to open flat to negative tracking the SGX Nifty and its Asian peers. Wall street was led by a choppy trading session as many traders looked to get a head start on the upcoming threeday weekend as the markets closed earlier than usual. However the major averages eventually ended the session mixed. While the Nasdaq inched up 0.1% to 5048 the Dow 0.3% to 17552 and the SP 500 dipped 0.2% to 2061. The European markets were mixed in thin trade on the day prior to Christmas with many of them including the U.K. France and the Netherlands open only for half the trading session. On a light day for economic news the British Bankers Association said UK house purchase approvals unexpectedly declined in November after a rebound in the previous month. The Euro Stoxx 50 index of eurozone bluechip stocks fell 0.2% while the Stoxx Europe 50 index which includes some major U.K. companies slid 0.3%. Indian shares ended Thursdays lackluster session

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