The local stock market recorded a boom a day before Holi due to positive trends in global markets and veteran shares like Reliance Industries and Bharti Airtel. Benchmark Equity Index BSE Sensex and NSE Nifty open at high level on Thursday (March 13). The Sensex opened at 74,072.07 at 9.30 am. The Nifty opened at 22,472.70 above 2.20 points.
Market opened in red mark
Stock markets today may react to February inflation (CPI) data and January Industrial Production (IIP) data. Investors will keep an eye on today’s Nifty 50 expiry as this may increase market volatility and affect business belief. It is noteworthy that the Indian stock markets will be closed on Friday, March 14, 2025 due to the Holi festival.
Major shares included in the Sensex 30 include Mahindra & Mahindra, Jomato, Bharti Airtel, Power Grid Corporation, Adani Ports and Tata Steel in the initial lead shares.
Asian markets boom
After the release of American inflation figures, the process of two days of decline in Wall Street stopped in Asian markets on Thursday. The US Consumer Price Index (CPI) increased by 0.2% month-by-month in February, causing the annual inflation rate to 2.8%.
Japan’s Nikkei index rose by 1% and Topics rose 0.69%, while Australia’s ASX 200 closed down. At the same time, South Korea’s cospie rose 0.74%.
