Indian market is expected to open on a flat to positive note tracking the SGX Nifty.
US indices ended the week on a strong footing wherein Dow Jones surged by 2.3%
during the week. Stocks appeared to benefit from the upward momentum seen on
the Wall Street since the Federal Reserve monetary policy announcement on
Wednesday. The Fed announcement was widely interpreted as dovish as the revised
forecast for interest rates showed that officials now expect only two rate hikes by the end of this year compared to the four predicted back in December.
The European markets got off to a weak start on Friday but quickly recovered from
that early drop. Trading action was choppy for the rest of the session as the markets
settled into a sideways trend. Banking stocks were among the top performers at the
end of the trading week. The European Central Bank can reduce its deposit rate
further into negative territory if new shocks emerge to threaten inflation and growth
and the bank can al

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