The markets are expected to open on a flat to positive - ARETE Securities
Market Summary
The markets are expected to open on a flat to positive note on March 23, as trends in SGX Nifty indicate a muted start for the broader index in India with a loss of 56 points. In the previous session, the BSE Sensex rallied 140 points to close at 58,215, while Nifty added 44.40 points or 0.26 percent to settle at 17,151.90.
Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector. The Dow Jones Industrial Average fell 530.49 points, or 1.63 percent, to 32,030.11, the S&P 500 lost 65.9 points, or 1.65 percent, to 3,936.97 and the Nasdaq Composite dropped 190.15 points, or 1.6 percent, to 11,669.96
Asian markets are trading mixed in the early trade on Thursday with Nikkei and Straits Times down 0.5 percent teach, while Hang Seng was up marginally
Trends in the SGX Nifty indicate a flat to negative opening for the broader index in India with a loss of 56.50 points. The Nifty futures were trading around 17,101.50 levels on the Singaporean exchange.
Stocks under F&O ban on NSE: Biocon and Indiabulls Housing Finance.
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