Market to open on flat note: SMC Global

SMC Global’s Market Outlook:Outlook for the dayThe market is likely to open flat as Asian shares stalled after US Federal Reserve minutes showed officials were confident they would not have to rush to tighten interest rates. Meanwhile, the Indian markets may see volatile moves in trades today as the derivatives contract for the month of February expire today. The European markets were up and the US shares were mixed with Wall Street showing a lack of direction ending little changed. The lackluster close followed the release of the minutes of the Federal Reserve's latest monetary policy meeting. Mahindra CIE Automotive and Rain Industries to announce their results today. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs 259.21 crore on February 22, 2017. Domestic institutional investors bought shares worth Rs 917.97 crore on that day.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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