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Market Outlook - 16th Dec 2015

Published on Jul 31st 2015

IT

Indian markets are expected to open in green tracking SGX Nifty. U.S. stocks started the day in red following Commerce Dept. release of lower than expected second quarter GDP expansion at 2.3%. Later during the day corporate earnings caught attention with U.S. stocks ending the trading session little changed. U.K. markets were boosted by a number of well received company results with Shell and Rolls Royce among the top risers. Markets made gains on last day of July series FO expiry with global cues supporting post Federal Open Market Committee (FOMC) meet. Fed kept rates unchanged and gave no hint of liftoff coming in next meeting.

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