Market likely to open higher: SMC Global
According to SMC Global, the market is likely to open higher after shares climbed the most in nearly two weeks, led by automakers, metal producers and information technology stocks.
Outlook for the day:
The market is likely to open higher after shares climbed the most in nearly two weeks, led by automakers, metal producers and information technology stocks.
Asian shares opened lower as markets took a breather from their recent surge as investors took profits following a weak session on the Wall Street overnight, with investors awaiting details on the Trump administration’s progrowth policy promises.
Investors look for fresh catalysts to keep up the recent rally amidst increasing odds of a US Fed rate hike in March, European shares slid for the first time in eight days.
As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 215.69 crore on 16th February 2017. Domestic institutional investors bought shares worth Rs 846.11 crore on that day.
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