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Don’t use oaths, whether ‘by heaven’ or ‘by earth’ or by anything else. When you say yes or no let it be plain ‘Yes’ or ‘No’. –Matthew 5:34-37

28 Mar 2016



9.01 a.m.: Rupee opens lower at 66.90/dollar against Wednesday's close of 66.64
8.00 a.m.: The BSE Sensex and the Nifty are likely to open higher on Monday after a long weekend tracking positive Asian shares. Nifty futures trading on Singapore Stock Exchange was up 9.5 points or 0.12 per cent indicating a positive opening in markets today. 

Sentiment is likely to be positive today as foreign investors continued to be net buyers of Indian shares and on Wednesday they have bought cash shares worth Rs 977 crore. Foreign institutional investors who had sold stocks worth nearly Rs 20,000 crore in the first two months of 2016 have resumed buying again and have pumped in over Rs 15,000 crore in this month so far. 
However, markets are likely to witness increased volatility this week on account of expiry of derivative contracts of March series on Thrusday. Market expert Sanjeev Bhasin told NDTV Profit that there may be some profit booking this week as markets seem overbought in the near term. However, he is bullish on the medium and long term trend of the markets. He expects Nifty to retest 8,000 level in April. (Read full story)
Energy stocks are likely to witness selling today as crude oil prices have corrected nearly 4 per cent in last two days. Tata Steel and JSW Steel will also be in focus as reports suggest that these two companies has shown interest to takeover debt-ridden Essar Steel. 
Meanwhile Asian shares trade higher on upward revision of US GDP for the fourth quarter of 2015. Nikkei was up 0.77 per cent, Shanghai Composite gained nearly 0.8 per cent while Kospi added 0.05 per cent. Markets in Hong Kong, Australia and New Zealand are closed today due to public holiday.

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