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Market Outlook - 30th Dec 2016

Published on Dec 30th 2016

IT

Indian markets are likely to open positive tracking SGX Nifty and global cues. U.S. markets closed fractionally lower on Thursday as investors remained reluctant to make big bets in a thinlytraded session ahead of long holiday weekend. The SP 500 closed down 0.03% at 2249 while Dow Jones Industrial Average closed off less than 1% at 19820. The Nasdaq Composite declined 0.1% at 5432. All three main indexes are on track to post doubledigit annual returns. Stocks have been rallying on the view that Presidentelect Donald Trump administration will spur economic growth via spending and tax cuts though there have been concerns that the moves have come too far and too fast. A strong performance from precious metals companies helped London FTSE 100 index to its second closing high this week. The FTSE was up 14 points at 7120. Indian benchmark indices settled the December series of future options on a positive note on renewed buying in the late afternoon trade. The marke

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