According to stock market analysts, domestic macros are highly positive. , Photo Credit: PTI
Equity market benchmark Sensex and Nifty climbed into early trade on Thursday (March 13, 2025), which was operated by purchasing the index in the Global Partners in a strong domestic macroeconomic data and firm trends in the Index Heavyweight ICICI Bank and Reliance Industries.
The 30-Sare BSE Sensex climbed 192.32 points or 0.26 percent in the morning trade at 74,222.08. The NSE Nifty rose by 21.75 points or 0.1 percent to 22,492.25.
From Sensx Pack, Tata Steel, Bajaj Finserv, ICICI Bank, Bajaj Finance, State Bank of India, Zomato, Bharti Airtel, Powergrid, NTPC and Titan were among the beneficiaries.
In contrast, IndusInd Bank, ITC, UltraTech Cement, Asian Paints, Tata Motors, Axis Bank, Mahindra and Mahindra, and Nestle India Lagard were.
“Markets will move forward between domestic tailwind and global headwind on Thursday (March 13, 2025), the main investment strategist at Geogit Financial Services, VK Vijaykumar.
Consumer Price Index (CPI)-Based retail inflation fell to a seven-month low of 3.61 percent in February due to reducing the prices of vegetables, eggs and other protein-rich commodities in February, which is making a place for RBI for another deduction in the interest rate next month.
The second set of data released by the National Statistics Office (NSO) has shown that a measure of the performance of the industry, the increase in the index of industry production (IIP), increased by 5 percent in January 2025, operating by a reversal in manufacturing activity.
Vijaykumar further said, this macro data must have promoted the stock market where the valuation is appropriate and even attractive in pockets. But unfortunately the global landscape is highly adverse with the business war triggered by Trump.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul were trading on a mixed note.
Wall Street ended more in overnight deals on Wednesday (March 12, 2025)
“25 percent of tariffs have been retaliated by the European Union (EU) on the import of steel of President Donald Trump in the US, which has been retaliated by the European Union (EU), which has imposed tariffs on USD 20 billion US exports in Canada with tariffs on US and Canada with tariffs on USD 28 billion USD imports,” said Mr. Vijayakumar.
China will follow the suit. This global background will disrupt a rally in the Indian market. He said that investors should focus on domestic consumption subjects.
Meanwhile, Global Oil Benchmark Brent crude traded a flat at USD 70.97 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold ₹ 1,627.61 crore ₹ 1,627.61 crore, while domestic institutional investors (DIIs) on Wednesday purchased equity worth Rs 1,510.35 crore.
On Wednesday (March 12, 2025), the 30-chair BSE Sensx fell 72.56 points to close at 74,029.76. The NSE Nifty ended at 27.40 points at 22,470.50.
Published – March 13, 2025 10:32 am IST
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