See market open on tepid note: SMC Global

SMC Global’s outlook for the day:

The market is likely off to a tepid start, Asian shares opened mixed tracking weak overnight cues from Wall Street, as investors weighed China’s growth woes amidst rising expectations of a US interest rate hike next week. US stocks posted losses after Trump signed a revised executive order, effective March 16, banningcitizens from six Muslim-majority countries from travelling to the United States for 90 days. European stocks also posted losses, politics has become the main market driver as populist candidates come to the fore amid election campaigns in the Netherlands, France and Germany. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) bought shares worth net Rs 564.15 crore on March 6, 2017.Domestic institutional investors sold shares worth Rs 481.96 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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