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Market Outlook - 16th Dec 2015

Published on Jul 24th 2015

IT

Indian markets are expected to open in red tracking SGX Nifty. Weak earnings from industrial bellwethers Caterpillar 3M and American Express weighed on Dow Jones pushing the bluechip index below the key technical level on Thursday. Selling pressure accelerated in afternoon and key indexes closed in red for third straight day led by Utilities Materials and Industrial stocks. FTSE and DAX ended in red continuing the pull back of previous 2 sessions. With Greece concerns easing markets have now shifted their focus towards corporate earnings. Markets lost half a percent on Thursday due to profit booking after seeing over 300 points relief rally in earlier sessions. Private Banks Capgoods select Metals and Pharma stocks dragged the market.

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