PMI readings across euro zone, crude and currency movement and global cues will be watched. Asian markets are mixed with Japan's Nikkei trading 2% higher while China's CSI300, Hong Kong's Hang Seng and South Korea's Kospi are trading flat. The Dow extended its winning streak to 7 straight sessions.
The momentum of the last couple of days may fail to continue as indices may choose to take a pause. The market would first react to CAD data which was released after market close on Monday. India’s current account deficit narrowed to 1.3% of the gross domestic product (GDP) in the fiscal third quarter, from 1.5% in the year earlier. That’s good news for now but market may not necessarily be in celebration mode.
The outlook is a flat start. PMI readings across euro zone, crude and currency movement and global cues will be watched. Asian markets are mixed with Japan's Nikkei trading 2% higher while China's CSI300, Hong Kong's Hang Seng and South Korea's Kospi are trading flat. The Dow extended its winning streak to 7 straight sessions. S&P 500 and Nasdaq rose marginally. Trading in crude futures was volatile as the April contract expired. The April contract settled 1.2% higher at US$39.91 a barrel, while May oil, the front-month contract, gained 0.9% to end at US$41.52 a barrel.
Apple shares closed unchanged as it revealed a 4-inch iPhone, a new iPad and additional watch bands at its Cupertino headquarters.
RBI Governor Raghuram Rajan reportedly said the world is facing “increasingly dangerous situation” and a new international agreement on the lines of Bretton Woods is needed to prevent central banks from adopting policies that could hurt other economies.
Bharat Wire Ropes’s initial public offering (IPO), which hit the capital markets on March 18 is set to conclude today. Investors would also be eyeing the developments of Infibeam IPO on day 2. The Rs 450-crore initial public offering (IPO) of e-commerce company Infibeam Incorporation saw a subdued start on the first day..
Banking stocks will remain in focus as investors await RBI move early next month. Meanwhile, Prime Minister Narendra Modi is scheduled to meet top officials of all banks and insurance companies in Mumbai to discuss the implementation of Pradhan Mantri Fasal Beema Yojana. According to sources, the Prime Minister's meeting is scheduled at the Nabard office in Mumbai on March 22.
The momentum of the last couple of days may fail to continue as indices may choose to take a pause. The market would first react to CAD data which was released after market close on Monday. India’s current account deficit narrowed to 1.3% of the gross domestic product (GDP) in the fiscal third quarter, from 1.5% in the year earlier. That’s good news for now but market may not necessarily be in celebration mode.
The outlook is a flat start. PMI readings across euro zone, crude and currency movement and global cues will be watched. Asian markets are mixed with Japan's Nikkei trading 2% higher while China's CSI300, Hong Kong's Hang Seng and South Korea's Kospi are trading flat. The Dow extended its winning streak to 7 straight sessions. S&P 500 and Nasdaq rose marginally. Trading in crude futures was volatile as the April contract expired. The April contract settled 1.2% higher at US$39.91 a barrel, while May oil, the front-month contract, gained 0.9% to end at US$41.52 a barrel.
Apple shares closed unchanged as it revealed a 4-inch iPhone, a new iPad and additional watch bands at its Cupertino headquarters.
RBI Governor Raghuram Rajan reportedly said the world is facing “increasingly dangerous situation” and a new international agreement on the lines of Bretton Woods is needed to prevent central banks from adopting policies that could hurt other economies.
Bharat Wire Ropes’s initial public offering (IPO), which hit the capital markets on March 18 is set to conclude today. Investors would also be eyeing the developments of Infibeam IPO on day 2. The Rs 450-crore initial public offering (IPO) of e-commerce company Infibeam Incorporation saw a subdued start on the first day..
Banking stocks will remain in focus as investors await RBI move early next month. Meanwhile, Prime Minister Narendra Modi is scheduled to meet top officials of all banks and insurance companies in Mumbai to discuss the implementation of Pradhan Mantri Fasal Beema Yojana. According to sources, the Prime Minister's meeting is scheduled at the Nabard office in Mumbai on March 22.
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