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Market Outlook - 16th Dec 2015

Construction | Published on Dec 07th 2016

IT

Indian market is expected to open on a flat note tracking the SGX Nifty. The US markets continued it’s up move albeit at a lower scale and touched new high on Tuesday. Financial services and telecom stocks witnessed buying interest during the day. Though crude oil slipped in trading during the day overall mood among investors and traders continued to be positive. Majority of the European markets closed the day on a positive note. After a weak start and some choppy trading action the market advanced in the afternoon. Banking stocks were in favor and witnessed buying during the day. Indian markets remained on positive territory for most of the day on Tuesday and closed marginally up. Steady global markets helped in stability in the Indian markets. However traders and investors seems avoided from taking big positions ahead of crucial RBI monetary policy. We believe a rate cut is very much on card; however what is more important is also to watch is the RBI commentary on the

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