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Sensex, on Friday, closed 7 points down at 28,832. Among sectors, Auto, Banks and FMCG lost over 0.2% to 0.4% each. Among stocks, ITC, Asian Paints and HDFC lost over 1% to 1.9% each. Market breadth was negative with 1,484 declines against 1,355 advances.

Nifty closed 2 points down at 8,898. Today, we expect markets to open on a flat to positive note on the back of steady global cues. 

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US Markets closed on a positive note. Dow closed flat while Nasdaq closed 0.2% higher. U.S. stocks were little changed on Friday as investors assessed Federal Reserve chair Janet Yellen’s intention to hike rates at the central bank’s March meeting. US markets, today, will see data releases on Factory Orders m/m and FOMC Member Kashkari Speaks.

Asian markets are trading on a mixed note; Nikkei is trading 0.5% lower while Hang Seng is trading 0.2% up. SGX Nifty is trading 15 points up at 8,936. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 0.4% higher, while HDFC Bank lost 0.2%. Among IT ADRs, Wipro closed 0.3% down and Infosys gained 0.7%. Tata Motors ADR gained 0.5%.

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