Market might start negative to flat as Asian shares opened lower after the global equities rally faded, amid mounting geopolitical risks in the region, says SMC Global.
SMC Global’s Outlook for the day:
The market might start negative to flat as Asian shares opened lower after the global equities rally faded, amid mounting geopolitical risks in the region and rising expectations that the Federal Reserve would tighten monetary policy next week.
US stocks posted the third decline in four days, as stocks were lackluster before ending lower, extending the losses in the previous session, investors braced for a Federal Reserve rate hike next week.
As per provisional figures, foreign institutional investors (FIIs)Foreign Portfolio Investors (FPIs) bought shares worth net Rs 920.46 crore on March 7, 2017. Domestic institutional investors sold shares worth Rs 1073.75 crore on that day.
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