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Market Outlook - 15th Mar 2016

Published on Mar 15th 2016

IT

Indian markets are expected to open flat tracking SGX Nifty and some of the Asian peers. U.S. stocks closed mixed in low volume trade on Monday mostly shaking off decline in oil prices ahead of the Fed meeting later in the week. Dow Jones hit new highs for 2016 on Monday while SP 500 edged lower as losses in Materials and Energy sector capped gains seen across Consumerdiscretionary sector. Key European indices ended Mondays trading session in green. German DAX powered through 10000 level before easing back to close 1.6% higher. FTSE 100 was up 0.6% mainly on account of mining stocks which were amongst the days best gainers. Anglo American and Glencore were amongst the biggest gainers. Indian markets gained for second consecutive session. Equity indices closed in green from days high amidst volatility tracking positive global cues. FMCG Oil Metals and select banking stocks helped the market.

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