Let us first look into the Euro zone which has been given some jolt to the world economy.

Greece will repay the IMF €458m ($497m) today, but its reserves are dwindling which worries its Prime Minister Alexis Tsipras. The Greek PM met Vladimir Putin in Moscow yesterday, and the outcome may not yield any favorable results for the Greek. It appears the Greek state may run out of money as the economy and tax revenues have hit an abysmally low in a decade. This could impact the Euro zone economy too. For 5½ years, the world has been watching and waiting to see if debt-laden Greece can remain in the euro zone.

A much stronger Switzerland issued a ten-year sovereign bond with a negative yield to strengthen its economy. Switzerland is outside the euro and is one of the most secure countries in the world but this smarter move by the country indicates how the heads of  the country are  thinking loudly to make their country stronger.

In France, its government increased its stake in car making company Renault  by 4.7% to 19.7%, to get the carmaker to adopt a rule at its annual meeting that gives double voting rights to investors who have held shares for at least two years. The rule became law last year but Renault has resisted implementing it

France's trade deficit narrowed in February from January as exports of aeronautical and satellite equipment rose and energy and oil imports declined.

Interestingly, Brent crude oil futures edged lower as industry data showed a larger-than-expected weekly build in US stockpiles and as Saudi Arabia reported record output in March 2015. Japan made headlines as it posted its biggest current account surplus in almost three and a half years helped by the higher value in yen terms of income from overseas investments and a smaller trade deficit.

Back in India, Rural Electrification Corporation offer for sale boosted sentiment as it was subscribed 5.55 times as per the ET news. Owing to the improved sentiments Nifty rose sharply to record its   highest close in three weeks. Technically this is considered as strong coming back by the bulls. Members may check when we anticipated the bulls to fight out the bears. The FPI’s also have started to buy out from the Indian equity which will further strengthen up the market sentiments.

It is going to be a interesting month going ahead as the results session would keep the market very busy.