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Market Outlook - 06th Dec 2016

Published on Dec 06th 2016

IT

Indian market is expected to open on a flat note tracking the SGX Nifty. The US markets touched new high on Monday with Dow Jones seeing buying interest by investors and traders. Despite political concern over Europe investors back home in US took interest in financial services firm. The US market seems to have discounted a partial hike in interest rate when the Fed meets next week. European markets remained positive despite the political turmoil in Italy following Sundays referendum. The markets got off to a weak start but quickly staged a recovery before settling into positive trend. Indian markets remained volatile on Monday however it closed on a positive note. A flat US markets and nervous Asian markets after Italian NO vote there was some selling visible in the early traders however during the day European market opened on a positive note which lent comfort to domestic investors and selective counters saw buying interest.

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