Market to open on muted note: SMC Global

SMC Global’s Outlook for the day:The market is likely to open on a muted note after benchmark Nifty indices scaled five-month high. Asian stock markets opened lower, Asian shares took a breather after US peers capped the worst day since January as bets increased that the Federal Reserve will raise rates in two weeks. Subdued European stocks also dampened sentiment, equities in Japan declined after three days of gains, even as a gauge of consumer prices rose for the first time since December 2015 as yen strengthened after four days of losses on increasing confidence that the Federal Reserve will raise rates this month. US markets were down, dragged lower by bank shares and materials producers. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) bought shares worth net Rs 122.94 crore on March 2, 2017. Domestic institutional investors sold shares worth Rs 83.21 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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