InvestorQ : How do you see the stock markets on 15-December and do you see the Nifty and Sensex bouncing today?
Arusha Ray made post

How do you see the stock markets on 15-December and do you see the Nifty and Sensex bouncing today?

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diksha shah answered.
5 months ago
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It was another disappointing day for the Nifty and Sensex on Tuesday 14th December as the market failed to hold on to early gains. After opening flat, Nifty and Sensex opened lost value sharply on concerns that high inflation levels would force RBI to make its monetary stance more hawkish. WPI inflation at 14.23% was also sharply higher in Nov-21.

The big even on Wednesday will be the outcome of the Fed meet which will be announced late on 15-December. The Indian markets are likely to be extremely tentative ahead of the all-important Fed meet as the Fed is likely to get hawkish much sooner. Even if the Indian markets open strong, expect some pressure from other markets.

Foreign investors sold Rs.763 crore in Indian equities while the domestic funds bought Rs.425 crore on 14-December. FPIs remain cautious ahead of the Fed meet. Global markets closed weak on Tuesday with markets across the US and Europe under pressure ahead of the Fed meet. SGX Nifty is flat in early trades but could see pressure through the day.

It is very unlikely that the Indian markets could show any big bounce ahead of the Fed meet but a lot will depend on the Dow futures trading when it commences in the afternoon. The undertone remains weak and especially banks and metals are likely to remain under pressure through the day.

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