Global cues to dictate market trend
Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses during the truncated trading week. The stock market remains closed on account of Mahashivratri holiday on Monday, 7 March 2016.
On macro front, the government will announce data on industrial production for January 2016 after market hours on Friday, 11 March 2016. India's industrial production declined for the second straight month at 1.34% in December 2015 over December 2014.
On the global front, Asian markets will on Monday, 7 March 2016 react to US nonfarm payroll data for February 2016 which is due on Friday, 4 March 2016.
Chinese Premier Li Keqiang will on Saturday, 5 March 2016 outline the government budget and official gross domestic product (GDP) target for 2016 at the opening of the National People's Congress (NPC). Li will also release a five-year development plan. The annual plenary session begins in Beijing on Saturday, 5 March 2016 and runs through 16 March 2016. The annual meeting is China's biggest political event and primarily serves as a rubberstamp to the annual budget and various government reports.
On Tuesday, 8 March 2016, Japan will declare revised Q4 gross domestic product figures. A preliminary estimate showed the economy contracted an annualized 1.4% in October-December as consumer spending and exports slumped.
On Thursday, 10 March 2016, the European Central Bank (ECB) Governing Council meets to review interest rates and stimulus programs.
On macro front, the government will announce data on industrial production for January 2016 after market hours on Friday, 11 March 2016. India's industrial production declined for the second straight month at 1.34% in December 2015 over December 2014.
On the global front, Asian markets will on Monday, 7 March 2016 react to US nonfarm payroll data for February 2016 which is due on Friday, 4 March 2016.
Chinese Premier Li Keqiang will on Saturday, 5 March 2016 outline the government budget and official gross domestic product (GDP) target for 2016 at the opening of the National People's Congress (NPC). Li will also release a five-year development plan. The annual plenary session begins in Beijing on Saturday, 5 March 2016 and runs through 16 March 2016. The annual meeting is China's biggest political event and primarily serves as a rubberstamp to the annual budget and various government reports.
On Tuesday, 8 March 2016, Japan will declare revised Q4 gross domestic product figures. A preliminary estimate showed the economy contracted an annualized 1.4% in October-December as consumer spending and exports slumped.
On Thursday, 10 March 2016, the European Central Bank (ECB) Governing Council meets to review interest rates and stimulus programs.
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