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Market Outlook - 16th Dec 2015

Construction | Published on Dec 31st 2015

IT

Indian markets are expected to open flat tracking the SGX Nifty and Asian peers. U.S. markets closed in the red as downbeat housing data raised concerns about the economy. The National Association of Realtors pending home sales index fell by 0.9% in November as against expectations of an increase. European markets too declined led by further drop in commodity prices leading to a drop in energy and metal/mining stocks. Trading activity remained light across both US and Europe ahead of Fridays New Years Day holiday. Indian markets closed lower led by some selling pressure ahead of the FO expiry in the absence of any other major trigger. Volumes continued to remain low led on account of the holiday season.

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