SMC Global’s Outlook for the day:The market is likely to open positive tracking positive cues from global markets,as Asian stocks jumped, after Wall Street set new records overnight ongrowing optimism about global growth,and rising bets of a rate hike in the USthis month as investors were encouraged by President Donald Trump'smeasured tone in his speech toCongress. In hismaiden speech to CongressUS President offered few new proposals on how he would pay for his planspledging to deliver "massive" tax relief to themiddle class and corporate taxcuts, invest USD 1 trillion in infrastructure, and increase defence spending and toease regulations,which sent Wall Street stocks sharply higher. On Domestic front,market would react and trade in a positive tone due to global as well as positive GDP and manufacturing data. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) sold sharesworth net Rs 198.27 crore on March 1, 2017. Domestic institutional investorsbought shares worth Rs 254.21 crores 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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