Stock market today: The Indian benchmark index Sensex and Nifty are expected to open flat on 13 March. On March 12, the benchmark index Sensex and the Nifty closed down with a slight decline, due to the loss in the IT sector, banking and automobile shares were increased. The Sensex fell 0.1 percent to close at 74,029.76 in the last trading session. While the Nifty closed down 0.12 per cent to close at 22,470.5.
Today, be connected with Moneycontrol to know what is happening in the currency and equity market. Here we are presenting the list of important news on all the news platforms for you, which can have an impact on the Indian and international market.
Retail inflation at seven -month low, IIP rises
Dual relief was received on the economic front, domestic retail inflation rate at 7 months low, CPI fell from 4.31% in February to 3.61%, while in January, IIP gained momentum due to increasing manufacturing, growth rate increased from 3.2% to 5%.
Blackstone’s confidence in India strengthened
Blackstone is optimistic towards India. Investment in India will double $ 100 billion, in a super exclusive conversation with Money Control, the chairman of Blackstock said – The issue of tariff will soon be resolved due to good relations between PM Modi and Trump, described as the most returning country to India.
Property mudification increases, BSNL and MTNL get ₹ 13,000 crore
BSNL and MTNL received about 13 thousand crore rupees for the treatment of properties, the speed of property will increase in the coming days, the government has prepared a roadmap.
Jaypee Associates properties were sold
Relief news for 25 banks including SBI, Axis Bank and ICICI Bank. The assets of JP Associates were sold to NARC for Rs 12,000 crore. Banks will get 1800 crore rupees immediately. The remaining amount will be received through Security Receits.
BEL gets orders from Indian Air Force
Today’s focus will be on BEL. The company received an order of Rs 2463 crore for radar supply from the Indian Air Force. So far, the company has received orders worth more than Rs 17,000 crore for FY 2025. Meanwhile, BEML signed an agreement with Siemens and Italy’s Drag-Flow SRL.
Gift nifty
In today’s trading session, along with Nifty, GIFT is also indicated of flat opening. The Nifty futures were trading around 22,555.
Major levels for Nifty 50:
Support based on axis points: 22,554, 22,612 and 22,707
Resistance based on axis points: 22,365, 22,306 and 22,211
Global market signal
Today there are good signs for the Indian market. The gift Nifty is trading with a slight speed. Asian markets and dow futures are also trading with an edge. The US market has seen a surge in the US market due to low retail inflation data than expected. Nasdaq has increased by about a quarter percent.
The market closed with mixed indications yesterday. Dow Jones closed after recovering from the lower level of the day. S&P 500, Nasdaq and index closed in green mark. Nasdac closed with a boom in tech shares. Less than expected inflation figures were supported. The market fears that inflation will increase due to tariffs. Bank of Canada cut interest rates by 0.25%. Further, interest rates will be cut with caution.
Has the tariff war started?
Canada and the European Union imposed tariffs on the US. Tariff was imposed on steel, aluminum in response to 25% tariff. Canada imposed 25% tariff on US goods worth $ 20.8 billion. Canada will raise the tariff issue in the G-7 meeting. The European Union imposed tariffs on US goods worth 26 billion euros worth. Full tariffs of the European Union will be effective from April 13. Clothing and agricultural products will also be charged.
Which American goods will be tariffs?
Tariffs have been installed on home appliances, soybeans, beef and poultry products.
European Union statement on tariff
We are ready to interact with the US on the issue of tariffs. No one will benefit from applying high tariffs.
Mexico on Trump’s tariff
At present, no response to America’s action is being given. We will wait by April to reach the agreement with the US.
America’s budget deficit increased
A budget deficit of $ 1.1 trillion in the first 5 months of this financial year. The deficit increased by 17% compared to the previous year. The Treasury Department said that dog has no significant effect.
Important data today
Eurozone has industrial production. The productive price inflation in the US is high. America’s early unemployment claims.
Asian market
Today, strong business is being seen in the Asian market. The gift Nifty is trading with a gain of 19.00 points. Whereas, Nikkei is seen with an increase of 0.95 per cent to around 37,173.82. Whereas, Straits Times is showing a growth of 0.21 percent. Taiwan’s markets are trading at 22,250.54, declining 0.13 per cent. While Hang Seng is seen at a level of 23,650.26 with a gain of 0.21 per cent. Meanwhile, Kospi is trading 0.33 percent to 2,583.36. Meanwhile, Shanghai Composite is trading at 3,364.71 with a gain of 7.21 points or 0.31 percent.
American bond yield
There was a slight decline in early trade on Thursday on 10-year-old Treasury and 2-year-old Treasury bonds.
Dollar index
An increase in the US Treasury Return led to a slight improvement in the dollar on Thursday, although the business of currencies remained in a limited range as investors were struggling to assess the growing global trade war on American inflation and development.
FII and DII data
Foreign institutional investors sold Rs 1,627.61 crore in Indian markets on 12 March. Whereas, on this day domestic institutional investors purchased Rs 1510 crore.
F&O ban shares
The restricted securities under the F&O section include companies that have more than 95 percent of the extensive market status range of the derivative contract market.
New stocks also included in F&O ban: Neil
Stocks kept unchanged in F&O ban: BSE, Hindustan Copper, Manappuram Finance, IndusInd Bank, SAIL
This stock was removed from F&O ban: Neil
