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Market view for the Week 15th March

Discussion in 'Stock Market Discussions' started by nivezastock, Mar 15, 2016.

  1. nivezastock

    nivezastock New Member

    Feb 17, 2016
    Likes Received:
    Government successfully figured out solution of the upper house of parliament on Real Estate (Regulation & Development) Bill and now bill will become a law once the lower house, or the Lok Sabha, also approves it. Going next week, the Federal Open Market Committee releases its policy statement along with updated quarterly forecasts for the U.S. economy on 16th March. Fed officials have already indicated that the pace of rate increases, first hike since 2006, will be gradual and data-dependent. Investors would also keep an eye over the statement to be issued by the Central Bank of China with regards to monetary policy plans for 2016. Economic data out of China including industrial production, retail sales, etc would be released in next week. Heavy buying is expected if the nifty could manage 7600.

    Global stock markets got spooked after another batch of weak data from China reinforced persistent concerns about a possible slowdown in the global economy. Exports from China slipped by 25.4 percent in February compared with the same month last year, while its imports dropped 13.8 percent. Meanwhile, the European Central Bank (ECB) delivered a surprise package of measures to kick start Europe's economy by cutting its main interest rates and expanding its massive bond buying program. The ECB cut the bank's key lending rate to zero from 0.05% and cut its bank deposit rate, from minus 0.3% to minus 0.4%. It also announced that it would expand the size of its monthly bond purchases to 80 billion euros from its current level of 60 billion euros beginning in April 2016 and would also expand the scope of those purchases to include investment-grade, euro-denominated, non-bank corporate bonds.

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