Tuesday, 28 February 2017

See flat opening ahead of Q3 GDP data: SMC Global

Market is likely to open flat ahead of the third-quarter gross domestic product growth data, says a report by SMC Global. 

The market is likely to open flat ahead of the third-quarter gross domestic product growth data scheduled later in the day. Asian shares opened higher remaining cautiously optimistic following yet another record closing on the Wall Street overnight after US President Donald Trump promised to spend "on infrastructure big.

Wall Street saw mild upside with stocks closing at fresh record highs, led by gains in construction materials and steel makers. The Dow extended its winning streak to 12 consecutive sessions.

The European markets were flat but little changed. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs 145.55 crore on February 27, 2017. Domestic institutional investors bought shares worth Rs 263.79 crore on that day.

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