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The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower.

Gold commodity recorded huge slump in the past week with the commodity losing near 1% to $1155 per ounce, marking is back to back losing streak as US dollar rose against major currencies. The USDX scended to a 12 year high topping the psychological 100 level. Persistent rising greenback makes a negative case for commodities denominated in the Dollar terms with gains coming due to speculation that the FED might talk about rate hike somewhere during the middle of 2015 in its meeting on March 17-18. In other developments Get MCX Calls here- http://mcxtips-stocktips.blogspot.in/2015/03/mcx-calls-for-today-buy-bullions-on.html