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Market Outlook - 02nd Mar 2016

Published on Mar 02nd 2016


Indian markets are expected to open on a Positive note tracking the SGX Nifty and most Global markets. US markets moved sharply higher and closed yesterdays session on a positive note on encouraging U.S. factory and construction data which indicated that the US economy was regaining momentum. The major averages reached their best levels in almost two months. European shares rose yesterday on positive economic data release from the US. The weakness in Euro also boosted Auto stocks across Europe. Also investors are expecting further quantitative easing measures being announced in the upcoming European Central Bank meeting which possibly added to the positive sentiment. Indian markets posted its biggest daily gains in nearly two years after expectations of an imminent interest rate cut triggered heavy short covering across the board.

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