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Market Outlook - 23rd Mar 2016

Published on Mar 22nd 2016


Indian market is expected to open on a flat to positive note tracking the SGX Nifty. US indices ended modestly higher after a choppy session throughout the day as traders expressed uncertainty about the nearterm outlook for the markets on the heels of the recent strength. The upcoming Easter holiday also contributed the lackluster performance with some traders away from their desks ahead of the long weekend. The European markets ended the session in red since weak commodity prices contributed to the struggles of the European markets. Energy and mining stocks were under pressure throughout the session. After being higher earlier in the session most bank stocks also ended in the red. Indian shares ended firmly in positive territory after the government slashed interest rates on Centrallysponsored savings schemes giving banks greater flexibility to lower deposit rates and fully pass on the previous rate cuts to borrowers. Also with the government adhering to its fiscal deficit ta

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