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Market Outlook - 16th Dec 2015

Published on Oct 30th 2015

IT

Indian markets are expected to open on a Flat to Negative note tracking the SGX Nifty and most Global markets. Yesterday the US markets retreated after posting gains in the prior session on a mix of profit taking and less than impressive economic data. The traders were still evaluating Federal Reserves (Fed) statement and strengthening language about timing of the cut. Also the estimate of 3rd quarter U.S. growth showed that the economy expanded at a 1.5% below the expected 1.6%. The European markets closed a negative note yesterday on weaker than expected corporate results. Weak opening in the US market also impacted the investor sentiment. The Indian markets fell yesterday and ended in the negative zone as the investors weighted on the impact of Fed announcement about the timing of the rate cut.

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