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Market Outlook - 30th Mar 2016

Published on Mar 30th 2016

IT

Indian market is expected to open in the green tracking the SGX Nifty and positive global cues. US indices ended positive led by dovish comments from the Fed chair Janet Yellen. The speech helped assuage fears that the Fed will raise interest rates at its next meeting in April. European markets ended on a mixed note after the long Easter holiday weekend. Weakness in oil prices and caution ahead of the Fed speech resulted in some downward pressure on the markets. Indian shares erased early gains to end slightly lower as investors waited to hear from Federal Reserve Chair Janet Yellen on U.S. interest rate outlook. Caution also prevailed ahead of the FO expiry and monetary policy due on April 5.

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