The Indian stock market opened with a decline on Wednesday, March 12, amidst mixed trend in global markets and an increase in Airtel and select banking stocks. So today, if you talk about the stock market, both Sensex and Nifty opened on the red mark. The Sensex opened with a decline of 81.88 points at 74,020, while the Nifty opened by 27.55 points to 22,470.
Market opened in red mark
Statistics of retail inflation (CPI inflation) for February and industrial production (IIP) figures for January will be released today. In addition, the ongoing uncertainty over the tariff policies of US President Donald Trump and increasing selling by foreign institutional investors (FIIs) can also affect market activity.
Asian markets boom today
Most Asian markets on Wednesday improved, while US President Donald Trump had instability in Wall Street due to concerns of tariff plans and potential recession.
Japan’s Nikkei index remained stable, but slightly below, while the topics index rose 0.69%. South Korea’s KOSPI rose 1.18%, while Australia’s ASX 200 index fell 1.6%.
What was the market stance yesterday?
On the last trading session i.e. Tuesday (March 11), the local stock market was seen in fluctuating business. The BSE Sensex opened at 73,743.88 and reached a high of 74,195.17 during trading. Finally it closed in red mark with a decline of Rs 12.85 (0.02%).
Nifty 50 opened at 22,345.95 and reached a high level of 22,522.10. The end was then closed at 22,497 with a gain of 37.60 points or 0.17%.
