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Market Outlook - 01st Apr 2016

Published on Apr 01st 2016

IT

Indian markets are expected to open weak tracking the SGX Nifty and negative global cues. US indices traded choppy ending the day on a flat note as traders seemed reluctant to make significant moves ahead of the release of the Labor Departments closely watched monthly jobs report on Friday. European markets started on a weak note and remained in negative territory throughout the day led by cautiousness ahead of the key labor data in the US and Chinese PMI data. Indian markets ended completely flat after trading in the green for most part of the day. Gas distributors saw some buying after the government cut natural gas price to 3.2 per mmBtu from 3.82 per mmBtu. Market benchmarks jumped more than 10% in March marking their highest monthly gain in over four years.

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