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Market Outlook - 13th Dec 2016

Published on Dec 13th 2016

IT

Indian markets are expected to open flat tracking the SGX Nifty. US Markets closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting. The European markets ended the first session of the new trading week with mixed results. The markets endured a choppy trading session as investors exercised caution ahead of Wednesdays announcement from the Federal Reserve. The Fed is widely expected to announce an interest rate hike at its policy meeting. Indian shares look set to open a tad lower on Monday after the GST council on Sunday failed to finalize the draft laws and agreed to meet again on December 22 and 23 to hammer out a consensus. The latest development dashed hopes that the crucial bill would be introduced in the ongoing winter session of Parliament.

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