New Delhi:
Stock Market Today: The Indian stock market started trading firmly on March 12, while the other world markets including America and Europe were under pressure. Amidst the mixed trend of the global market, both BSE Sensex and NSE Nifty were seen trading in open and green mark. The Sensex was up 168.49 points (0.23%) to 74,270.81 points in the gold-opening session. At the same time, the Nifty was at 22,536.35 points with 38.45 points (0.17%).
At 9:15 am, the Sensex reached 74,338.89 points, making a sharp lead of 236.57 points, (0.32%). The Nifty was also trading at 22,564.35 points with a gain of 66.45 points (0.30%).
Adi Group shares boom
Almost all the shares of Adani Group opened in the green mark in early trade, in which the shares of Adani Energy Solutions, Adani Ports, Adani Total Gas and Adani Power recorded a rise of more than 1%.
Today’s Gainers and Losers
Tata Motors, Sun Pharma, Power Grid Corp, Reliance Industries and NTPC were the highest profits in early trade. While IndusInd Bank, Infosys, Wipro, TCS and Trent were trading with a decline in early trade.
Bharti Airtel and Spacex deal, share up by 2%
Bharti Airtel announced Alan Musk’s partnership with Spacex, showing an increase of more than 2% in her shares. Under this agreement, high-speed internet services of Starlink will be made available through Airtel in India. Starlink’s services will be sold through Airtel’s retail stores and delivered to rural areas, schools, health centers and business customers.
IndusInd Bank shares continuously fall, 5% dropped for sixth day
IndusInd Bank shares saw a huge decline. The share price fell more than 5% today, this is the sixth consecutive day when the share of IndusInd Bank is under pressure. The depression in the bank’s derivative portfolio and the recent selling in the market intensified this decline.
IndusInd Bank’s stock fell 27.17 percent to close at Rs 655.95 on the previous day. Yesterday, this stock reached its one -year low of Rs 649 per share in day trading.
Pressure in the US market
The US stock markets remained under pressure on Tuesday and the major index closed down. The S&P 500 index of February 19 fell from 6,144.15 -level to 10% to 5,528.41 points NASDAQ and Dow Jones also showed weakness. After the announcement of US President Donald Trump’s new tariff sanctions, there was an atmosphere of recession in the market.
Mixed trend of Asian market
The Asian stock markets on Wednesday saw a slight decline in the Asian stock markets amidst Donald Trump’s constantly changing trade policies and the possibility of recession in the US economy. Tokyo, Seoul, Jakarta and Taipei had a slight increase, while Hong Kong, Shanghai, Singapore, Wellington and Manila were recorded.
Investors’ eye on CPI data
The further move of the market will depend on the US consumer inflation (CPI) report. This data will clarify the possible policy of Federal Reserve regarding the rates of inflation and interest rates. Indian investors will also keep an eye on this, because American policy can also have an impact on Indian markets.
