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Market Outlook - 14th Dec 2016

Published on Dec 14th 2016

IT

Indian markets are expected to open flat tracking the SGX Nifty. US Markets moved mostly higher during trading on Tuesday extending the upward trend seen over the past several weeks. With the advance all three of the major averages reached new record closing highs. The markets continued to benefit from recent upward momentum amid optimism following Presidentelect Donald Trumps surprise victory last month. European markets closed higher on Tuesday as investors focused on the upcoming meeting of the Federal Reserve and digested betterthanexpected data out from China. Indian markets closed higher on Tuesday after seeing initial volatility. However caution prevailed ahead of the U.S. Federal Reserves monetary policy decision on Wednesday. The Fed is widely expected to increase interest rates by 25 basis points reflecting the first rate hike in a year.

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