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Market Outlook - 16th Dec 2015

Published on Oct 29th 2015


Indian markets are expected to open on a Flat to Negative note tracking the SGX Nifty and most GlobalAsian markets. The US markets were volatile post the release of Federal Reserve’s (Fed) announcement but closed on a positve note. The Fed left the rates unchanged as expected and indicated that it will revisit the decision to hike rates in December. After weak performance in the past two sessions the European markets closed on the positive note on Wednesday. Indian markets fell for the third straight day as as traders awaited FOMC rate decision. Banking stocks led by Axis Bank and ICICI bank took a beating on the expiry day on reports of Axis Bank selling its loans to asset reconstruction companies at ~65% discount.

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