Poll results to US Fed meet: 5 events markets will watch out for in March

From the outcome of ongoing assembly polls, especially in Uttar Pradesh (UP), to the statements from the US Federal Reserve, March 2017 is full of events that may prove to be a trigger for the markets. Since December 2016 low, the markets have gained steady ground, with the S&P BSE Sensex and the Nifty50 indices rallying up to 12% each. The up move in the mid-and small-cap segment has been sharper, with their respective indices gaining nearly 18%. Commodity Trading Tips

“Things are looking good for the markets in the coming month as the whole financial year (April-March) has been positive. Last year March, Nifty50 ended at 7,738 levels and has already climbed to 8,900 levels – up almost 1,200 points,” said AK Prabhakar, Head of Research, IDBI Capital. Adding: “People are more or less confident that Bharatiya Janata Party (BJP) will win in the UP Polls; and even if they lose, the margin won’t be big. Demonetisation impact has not been much of a dampener, as was expected. Markets won’t be affected much in case BJP loses, but in case of a BJP win, we may see the indices reaching their all-time highs.” Nifty Trading Tips