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Market Outlook - 03rd Mar 2016

Published on Mar 03rd 2016

IT

Indian markets are expected to open on Positive note tracking SGX Nifty and most of the Global markets. US markets inched higher to close on a positive note on the back of encouraging ADP employment data and uptick in oil prices. Also commentary from the Beige book released by Fed indicated that economic activity expanded across most districts since the previous Beige Book. All these positives indicate that US economy is regaining momentum and as a result U.S. markets closed in green. Majority of the European market indices ended in green. Financial and Resource stocks were amongst the best performers on Wednesday. Stocks pared some of its early gains in response to mixed regional data. While Eurozone producer prices fell at slowest pace in 5 months in Jan matching estimates British construction activity unexpectedly hit 10month low in Feb defying economists expectations of modest improvement. FTSE was down 0.1%. Bulls continued to take charge of the benchmark indic

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