INDIAN BENCHMARK witnessed an illustrious Week on support coming from global markets mainly Asia which lifted investor sentiments in domestic markets. The Sensex and
Nifty rose 0.95%-1.25% each for the week ended March 18, 2016.
GLOBAL MARKET CHASE
ASIAN STOCKS closed higher today as investors turned more positive on riskier assets after the Federal Reserve's cautious stance on further interest rate increased. However, Japanese market bucked the trend as the dollar’s fall against the yen was seen hurting the country’s exporters.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS steadied on Friday, with export-oriented auto stocks recovering as the euro lost some ground against the dollar, while oil stocks fell after a drop in crude prices.
In the coming week, the trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate trend on the bourses in the absence of any domestic macro-economic data. Next week is a truncated trading week. The stock market will remain shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday.
The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2016.
On the global front, existing home sales data in the US will be unveiled on Monday, 21 March 2016. New home sales data in the US will be unveiled on Wednesday, 23 March 2016.
US will unveil Q4 gross domestic product (GDP) data on Friday, 25 March 2016. Eurozone Markit PMI Composite index data for March will be unveiled on Thursday, 24 March 2016