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Market Outlook - 16th Dec 2015

Published on Nov 17th 2016

IT

Indian markets are likely to open positive tracking SGX Nifty. U.S. Markets closed mixed on Wednesday with a postU.S. election rally slowing down as financials dropped more than 1 percent. The European markets ended Wednesday session in negative territory. Following 2 days of gains investors took the opportunity to cash in some profits. Traders also turned more cautious ahead of Federal Reserve Chair Janet Yellen testimony before the U.S. Congress which will begin on Thursday. Indian markets erased early gains to end on a flat note on Wednesday as rate cut hopes were tempered by weak cues from Europe and a heated political debate in Parliament over scrapping of 500 and 1000 rupee notes.

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