Stocks 2 Watch: On last day of trade, how will Nifty fare?

Wall Street reverses early session losses to end higher with the Dow closing just shy of the psychologically-important 13,000 level. Europe closes mixed on recession fears while Asia is flat in morning trade.

Recession in European Markets?
European markets ended mixed after an EU official said the region's economy is heading for its second recession in three years, overshadowing earlier optimism that German business sentiment rose to its strongest level in seven months in February.
ECB President Mario Draghi warns countries against relaxing austerity measures. He was concerned that countries would scale back on reforms in order to boost growth. The block has been split on whether belt tightening is the right prescription for Europe