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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 21st Dec 2016

Published on Dec 21st 2016


Indian markets are expected to open flat tracking the SGX Nifty. US stock indices Nasdaq and Dow made record closing highs on Tuesday as investors shrugged off geopolitical concerns from Asia. Most sectoral indices closed modestly upwards. Steel stocks revived and covered their losses to as the NYSE Arca Steel Index closed up 2.3 percent. US financials and banks also had a strong session. The NYSE Arca Broker/Dealer Index and the Dow Jones Banks Index closed up by 1.6 percent and 1.5 percent respectively. The FTSE 100 had a positive session that saw it close at a two month high. Carnival was one of the biggest gainers after rising by about 3 percent after it reported a good quarter. Lloyds bank shares rose 2% on news that it had bought MBNA Ltd. a credit card firm. Barclays and Royal Bank of Scotland also gained 0.47 percent and 1.43 percent respectively. Indian markets continued its fall for the fifth straight session on Tuesday as FII selling resumed. Rising geopolitic

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