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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

Published on Nov 05th 2015


Indian markets are expected to open flat tracking SGX Nifty. U.S. stocks ended the Wednesdays session slightly lower taking a pause after two straight days of gains. Main indexes retreated as Fed Chairwoman Yellen hinted that a 25bp rate hike in December would not derail the economy or housing market. Notably Energy and Consumer Discretionary were the biggest decliners. European stock markets rallied on Wednesday after ECB President Mario Draghi reiterated that bank is ready to provide more stimulus in December if required. These gains trimmed after Janet Yellen hinted at rate hike possibility in Dec2015. For FTSE 100 Glencore was the biggest gainer of the day as it reported significant progress on its plans to cut down the net debt by FY2016end. Indian markets lost the previous days gains on Wednesdays trading session as benchmark indices fell marginally despite the positive global cues. Indices started on a strong note with Nifty trading above 8100mark but could

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