Market Outlook - 16th Mar 2016

Published on Mar 16th 2016


Indian markets are expected to open flat tracking SGX Nifty. U.S. stocks closed mostly lower on Tuesday weighed by fall in the oil prices and a string of lackluster economic data released ahead of the Feds important decision on interest rates. Dow was up 0.13% buoyed by healthy advance in Applce Inc. Key European indices closed down between half and one % point as investors played it safe ahead of Fed meeting. FTSE 100 dropped 0.5% on Tuesday after gains made at the beginning of the week as markets are anticipating George Osbornes budget to be presented in the House of Commons on Wednesday to raise taxes (especially expectations are strong that insurance premium tax would be increased). Despite the recent inline full year results Legal General stock corrected by 6% on such concerns. Fall in the global indices and oil prices dragged the Indian equity benchmarks 1% on Tuesday ahead of the crucial Fed’s 2day meeting. Pharma FMCG and HDFC group stocks were under pr

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