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Below is the Daily Market Analysis 15 December 2021 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets continued to decline for a third straight session on the back of unsupportive global cues. The Nifty index ended lower by 0.6% at 17,226 levels. Most of the sectoral indices traded in tandem with the benchmark and ended lower. The broader markets too witnessed selling pressure as both Midcap and Small cap ended lower by 0.5% and 0.3% respectively.

All eyes will be on the US Fed meeting tonight and we’re going to see the reaction in early trade on Thursday. While the majority expects that the committee would hold rates citing the possible challenges due to the new COVID variant, commentary on tapering, inflation and growth would be critical. Besides, we have weekly derivatives expiry scheduled so expect choppiness to remain high. Participants should wait for some clarity over the direction and limit positions.

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