Indian market is expected to open on a flat note tracking the SGX Nifty.
US indices ended on a flat note ahead of the long weekend led by profit taking along with concerns about the outlook for interest rates following comments from St. Louis Federal Reserve President James Bullard since the Feds economic outlook suggest the next rate hike” may not be far off provided that the economy evolves as expected.”
The European markets ended Thursdays session firmly in negative territory. The markets opened notably lower after the weak performance of the Asian markets. Continued weakness in commodity prices caused further weakness in energy and resource stocks. Trading activity was also on the light side ahead of tomorrows Good Friday holiday.
Indian shares ended a choppy session marginally higher as hopes of a rate cut by RBI and renewed foreign fund flows helped investors shrug off geopolitical worries in the aftermath of the Brussels bombings. Metal stocks Tata Steel and Hindalco rose 2
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