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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

Published on Jul 28th 2015

IT

Indian markets are expected to open in red tracking SGX Nifty. US markets closed down on Monday under pressure from an 8.5% overnight plunge in Shangai composite on fears that Chinese government may pull back the support measures that stabilized the markets for last 3 weeks. Correction was led by Materials and Energy companies which were impacted due to fall in Oil Metal prices. FTSE 100 fell on Monday weighed down by fall in Pearson and commodity stocks which pushed the market towards 6 month lows. Markets continued their downward trend falling nearly 2% on poor global cues and concerns emerging over tighter norms on Pnotes. Correction was seen across sectors with Banking and Metal stocks witnessing maximum correction.

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