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Market Outlook - 01st Mar 2016

Published on Mar 01st 2016


Indian markets are expected to open on a Positive note tracking the SGX Nifty and its Asian peers. US markets ended in the negative territory on Monday as late selling pushed the markets down. Weaker earnings by drug companies pushed healthcare stocks down while softer economic data also weighed in on the markets. European shares got off to a weak start yesterday due to disappointment over the G20 meeting failing to agree new measures to boost growth. However the markets reversed direction as a decision by China’s Central Bank to resume its easing cycle more than offset earlier disappointment. Indian shares fell on Monday in a volatile trading session as investors were disappointed over various tax proposals in the Union Budget. Weaker global cues also dampened investor sentiment.

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