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Market Outlook - 15th Dec 2016

Published on Dec 15th 2016

IT

Indian markets are likely to open on a Negative note tracing Global cues. US Markets fell in choppy trade Wednesday led lower by energy and utilities after the Federal Reserve raise rates for the second time in a decade. The European markets ended Wednesdays session with modest losses as investors exercised caution ahead of todays announcement from the Federal Reserve. The market weakened slightly in early trade Wednesday but settled into a sideways trend for the rest of the session. Indian shares closed lower on Wednesday in a volatile session amid caution ahead of the U.S. Federal Reserves monetary policy decision later today. The Fed is widely expected to increase interest rates by 25 basis points reflecting its first rate hike in a year.

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