The GIFT Nifty implied for a muted start. However, the Asian indices are trading in the green following overnight gains in the US stock market due to cooling inflation. Plus, investors will take note of India’s inflation that eased to a 7-month low.
Previously, on Wednesday, the NSE Nifty 50 closed the session 27 points or 0.12% lower at 22,470, while the BSE Sensex fell 73 points or 0.10% to close at 74,030.
Key global and domestic cues to know on March 13, 2025
Asia Markets
Asia markets majorly headed north, following ranks with Wall Street that rose overnight on easing inflation. Japan’s Nikkei 225 was trading 0.79% higher at 37,108. However, the Asia Dow was trading 0.53% higher at 3,645.87. South Korea’s Kospi was up 0.85% at 2,597. The Shanghai Composite was up 0.09% at 3,375.
US markets
The Wall Street surged higher on Wednesday on a soft inflation report, easing concerns about the grappling economy. The S&P 500 rose 0.49%, closing at 5,599.30. The Nasdaq Composite added 1.22%, ending the session at 17,648.45. However, the Dow Jones Industrial Average declined 83 points, or 0.2%, to close at 41,350.93.
India’s retail inflation
India’s retail inflation, which is measured by the Consumer Price Index (CPI), cooled down to 3.61% in the month of February as compared to 5.09% reported in the same month a year ago. The consumer price index was at 4.26% in January 2025. Plus, India’s industrial production (IIP) expanded by 5% in January. The growth was higher than December’s 3.5%, signalling resilient manufacturing activity despite global headwinds.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was slightly down 0.02% at 103.59 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated marginally 0.02% to close at 87.20 to the dollar on March 12.
Crude oil
The crude oil prices fell on Thursday. WTI crude prices were trading at $67.55 down by 0.19%, while Brent crude prices were trading at $70.87 down by 0.10%, on Thursday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 1,627.61 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 1,510.35 crore on March 12, 2024, according to the provisional data available on the NSE.
Gold rate today
The festivities are around the corner and the 24-carat gold price today is selling at an all-time high price of Rs 86,980 per 10 grams. The rate of gold has risen by 0.69% in the past one week and jumped 1.53% in the last one month. The 22 kt gold rate today is Rs 79,732 per 10 grams. The 18-carat gold price today is Rs 65,235.