INDIAN BENCHMARK markets closed with marginal gains and remained in a narrow range throughout the week. The Sensex rose 0.29% and the Nifty was up by 0.33% for the week ended March 11, 2016.
GLOBAL MARKET CHASE
ASIAN STOCKS rose on Friday, on track for weekly gains, shrugging off global losses logged after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates even if other stimulus options remained.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS bounced back on Friday, with a recovery in metal and oil prices boosting commodities stocks and the ECB's bank funding plan continuing to support lenders in the euro zone periphery for a second day
In the coming week, the government is scheduled to announce data on inflation based on the consumer price index (CPI) for February 2016 on Monday, March 14, 2016. On the same day, data on inflation based on the wholesale price index (WPI) for February 2016 is also due to be released by the government. A Jaitley may provide a roadmap for rationalization of the corporate tax exemptions in Budget. The data on payment of fourth and final installment of advance taxes by India Inc will be out during the middle of March 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
The foreign institutional investors (FIIs) have been net buyers of the Indian stocks worth a net of Rs1779.88 crore till March 08, 2016, while the domestic investors were net sellers of Indian stocks to the tune of Rs780.60 crore during the week till March 09, 2016