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Market Outlook - 23rd Mar 2016

Published on Mar 23rd 2016

IT

Indian market is expected to open on a flat note tracking the SGX Nifty. US indices ended mixed as Nasdaq inched up marginally while Dow Jones and SP500 ended marginally in red. A lack of major U.S. economic data also kept some traders on the sidelines ahead of reports on new home sales and durable goods orders in the coming days. The choppy trading seen throughout the session afterward came as some traders are already away from their desks ahead of the Easter holiday. The majority of the European markets managed to end in positive. The European markets were under pressure for most of the session after multiple apparent terrorist attacks were carried out in Belgium. Indian shares ended a choppy session marginally higher even as global cues remained sluggish in the wake of multiple explosions in Brussels and hawkish commentary from Federal Reserve officials supporting the case for a hike in U.S. interest rates as early as April. Narrowing current account deficit figures a

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