Indian Stock Market Poised for a Sluggish Start Amidst Global Uncertainty. Inflation and IIP Data Crucial, While Bharti Airtel-SpaceX Deal in Focus.
Stock Market Today: The Indian stock market is expected to open sluggishly on Wednesday (March 12th) amid mixed global trends. Significant gains are unlikely in the initial trading of major benchmark indices Sensex and Nifty-50. Gift Nifty indicators also point towards a flat opening.
Gift Nifty Indicators and Market's Initial Movement
At 7:45 AM, Gift Nifty was trading at 22,557, down by 4 points or 0.02%. This suggests a slightly subdued opening for the Indian market.
Investors' Focus on Inflation and IIP Data
Key factors influencing today's market movement will be the February retail inflation (CPI Inflation) and January Index of Industrial Production (IIP) figures, to be released today.
Furthermore, uncertainty surrounding US President Donald Trump's tariff policies and persistent selling by Foreign Institutional Investors (FIIs) could also impact the market.
Bharti Airtel Shares in Focus Today
Bharti Airtel shares will be under close investor scrutiny following the company's significant agreement with Elon Musk's SpaceX.
Under this deal, Airtel will provide Starlink's high-speed internet service in India, potentially benefiting the company substantially.
Mixed Trends in Asian Markets
Asian markets showed mixed signals on Wednesday. However, most markets registered gains.
Japan's Nikkei index remained almost flat, showing slight downward movement.
The Topix index rose by 0.69%.
South Korea's Kospi climbed 1.18%, indicating a positive trend in the market.
Australia's ASX 200 index fell by 1.6%, causing a setback for investors there.
Heavy Selling Continues in US Markets
US stock markets witnessed a second consecutive day of decline on Tuesday (March 11th). The US government's volatile trade policy flip-flops have weakened market sentiment and consumer confidence.
The Dow Jones fell by almost 500 points, accumulating a total decline of 1,400 points over the past two days.
The S&P 500 registered a 0.8% drop.
The Nasdaq performed relatively better, closing with a decline of only 0.2%.
How Did the Indian Market Perform Yesterday?
Domestic stock markets experienced volatile trading on Tuesday (March 11th).
The BSE Sensex opened at 73,743.88, reaching an intraday high of 74,195.17. It ultimately closed marginally down by 12.85 points (0.02%).
Nifty-50 opened at 22,345.95, reaching a high of 22,522.10. It eventually closed up by 37.60 points (0.17%) at 22,497.90.
Investment Strategy for Investors?
Volatility may persist in the market until the inflation and IIP data are released.
Fluctuations in Bharti Airtel shares are likely, warranting investor attention.
Weak signals from global markets necessitate caution.
Monitoring the FII selling trend is crucial, as it could determine market direction.
