Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday (March 13, 2025) pushed by shopping for in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic information and agency pattern in the global friends.
The 30-share BSE Sensex climbed 192.32 factors or 0.26 per cent to 74,222.08 in the morning trade. The NSE Nifty rose 21.75 factors or 0.1 per cent to 22,492.25.
From the Sensex pack, Tata Steel, Bajaj Finserv, ICICI Bank, Bajaj Finance, State Bank of India, Zomato, Bharti Airtel, PowerGrid, NTPC and Titan have been among the many gainers.
In distinction, IndusInd Bank, ITC, UltraTech Cement, Asian Paints, Tata Motors, Axis Bank, Mahindra & Mahindra, and Nestle India have been the laggards.
“The market will be moving in the midst of domestic tailwinds and global headwinds on Thursday (March 13, 2025) . The domestic macros are highly positive,” V.Ok. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, stated.
Consumer Price Index (CPI)-based retail inflation slipped to a seven-month low of three.61 per cent in February primarily as a consequence of easing costs of greens, eggs, and different protein-rich objects, creating house for the RBI to go for one more minimize in rate of interest subsequent month.
The second set of information launched by the National Statistics Office (NSO) confirmed that the expansion in Index of Industrial Production (IIP), a measure of efficiency of industries, accelerated to five per cent in January 2025, pushed by a rebound in manufacturing exercise.
Vijayakumar additional stated, this macro information would have boosted the inventory market the place valuations are honest and even enticing in pockets. But sadly the global situation is extremely unfavourable with the trade conflict triggered by Trump getting worse.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul have been buying and selling on a blended observe.
Wall Street ended greater in the in a single day offers on Wednesday (March 12, 2025)
“President Donald Trump’s 25 per cent tariff on steel imports to the US has been swiftly retaliated by the European Union (EU) with tariffs on USD 28 billion of imports from the US and Canada has imposed tariffs on USD 20 billion US exports to Canada,” Mr. Vijayakumar stated.
China will comply with go well with. This global backdrop will constrain a rally in the Indian market. Investors ought to focus on domestic consumption themes, he added.
Meanwhile, global oil benchmark Brent Crude traded flat at USD 70.97 a barrel.
Foreign Institutional Investors (FIIs) offered equities value ₹1,627.61 crore, whereas Domestic Institutional Investors (DIIs) bought equities value Rs 1,510.35 crore on Wednesday, in accordance with change information.
On Wednesday (March 12, 2025), the 30-share BSE Sensex fell 72.56 factors to shut at 74,029.76. The NSE Nifty slipped 27.40 factors to finish at 22,470.50.
Published – March 13, 2025 10:32 am IST
