HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Sensex, Nifty turn volatile after positive start ahead of CPI, IIP data
Mar-12-2025

Indian equity benchmarks made positive start on Wednesday tracking gains in Asian counterparts. Sensex and Nifty soon turned volatile and are trading flat in early deals ahead of India’s consumer price index (CPI) inflation for the month of February and Industrial Production data for January to be released later in the day. Uncertainty surrounding global trade after US and Canada moved back and forth on tariff decisions kept the market participants on edge. However, down side remained capped amid reports indicating Indian government finalising export schemes to shield exporters from US tariffs. 

On the global front, Asian markets are trading mostly higher as traders look to pick up some stocks at reduced levels following the recent slump in the markets. Though, upside remained capped as traders remain cautious amid the rising uncertainty around U.S. President Donald Trump's trade policies and the outlook for inflation and economic growth due to the ongoing trade war.

Back home, sugar stocks are in focus as the All India Sugar Trade Association said India's sugar output for the 2024/25 marketing year, ending in September is projected to fall below consumption for the first time in eight years because of reduced sugarcane supplies in key states.

The BSE Sensex is currently trading at 74042.35, down by 59.97 points or 0.08% after trading in a range of 73991.42 and 74392.15. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.03%, while Small cap index was up by 0.24%.

The gaining sectoral indices on the BSE were Oil & Gas up by 0.91%, Utilities up by 0.87%, Power up by 0.69%, Energy up by 0.69%, PSU up by 0.51% while, IT down by 2.42%, TECK down by 1.99%, Telecom down by 0.44%, Healthcare down by 0.42%, FMCG down by 0.34% were the losing indices on BSE.

The top gainers on the Sensex were Tata Motors up by 2.96%, Indusind Bank up by 2.83%, Kotak Mahindra Bank up by 1.67%, HDFC Bank up by 1.48% and Adani Ports &Special up by 1.01%. On the flip side, Infosys down by 3.65%, HCL Tech. down by 2.66%, TCS down by 1.96%, Tech Mahindra down by 1.27% and Axis Bank down by 1.13% were the top losers.

Meanwhile, to promote and develop mutual collaboration in public-private partnership framework and investment, use of financing tools, as well as economic policies, the finance ministry has said that India and Qatar have signed an agreement. The Memorandum of Understanding (MoU) on financial and economic cooperation was signed between the two countries.

The ministry said ‘The MoU aims to promote and develop mutual collaboration in the areas of economic policies, use of financing tools, public-private partnership framework and investment. The MoU is expected to explore new and emerging sectors and avenues for investments in both countries’. 

The ministries of finance of both countries shall promote models and areas of joint collaboration between them, such as organising expert workshops, seminars and conferences; exchanging documentary and technical information in areas of joint work and keeping pace with the dialogue between the business communities of the two countries. The MoU signifies the commitment of both sides to work together and unlock new opportunities for investment, growth and development.

The CNX Nifty is currently trading at 22501.35, up by 3.45 points or 0.02% after trading in a range of 22447.20 and 22577.40. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Indusind Bank up by 4.37%, Tata Motors up by 2.92%, BPCL up by 1.86%, Kotak Mahindra Bank up by 1.81% and HDFC Bank up by 1.49%. On the flip side, Infosys down by 3.61%, Wipro down by 3.35%, HCL Tech. down by 2.51%, TCS down by 1.88% and Dr. Reddy's Lab down by 1.69% were the top losers.

Asian markets are trading mostly in green; Taiwan Weighted surged 255.41 points or 1.16% to 22,326.50, Jakarta Composite gained 74.84 points or 1.14% to 6,620.69, KOSPI increased 35.46 points or 1.4% to 2,573.06, Nikkei 225 rose 27.6 points or 0.08% to 36,820.71 and Straits Times added 6.77 points or 0.18% to 3,832.60. On the other hand, Hang Seng declined 158.59 points or 0.67% to 23,623.55 and Shanghai Composite was down by 4.66 points or 0.14% to 3,375.17.
  RELATED NEWS >>
Most Viewed >>
March 07 , 2025
India’s oldest index fund completes 25 years
March 04 , 2025
Tata Capital eyes $11 billion valuation for In
March 07 , 2025
AIF commitments top Rs 13 trillion as HNIs pre
March 07 , 2025
The Wealth Company eyes Rs.10,000 cr fundraisi
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.