Trading may be choppy in truncated week
The trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate trend on the bourses in the absence of any domestic macro economic data.
Next week is a truncated trading week. The stock market will remain shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday.
The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2016.
On the global front, existing home sales data in the US will be unveiled on Monday, 21 March 2016. New home sales data in the US will be unveiled on Wednesday, 23 March 2016. US will unveil Q4 gross domestic product (GDP) data on Friday, 25 March 2016. Eurozone Markit PMI Composite index data for March will be unveiled on Thursday, 24 March 2016.
Next week is a truncated trading week. The stock market will remain shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday.
The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2016.
On the global front, existing home sales data in the US will be unveiled on Monday, 21 March 2016. New home sales data in the US will be unveiled on Wednesday, 23 March 2016. US will unveil Q4 gross domestic product (GDP) data on Friday, 25 March 2016. Eurozone Markit PMI Composite index data for March will be unveiled on Thursday, 24 March 2016.
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