Indian Stock Market Updates: Key Overnight Developments & Market Cues for Today

Sensex and Nifty Expected to Open Higher as Global Markets Rally on Cooling Inflation Data

March 13, 2025: The Indian stock market is set to open on a positive note on Thursday, March 13, tracking gains in global markets and a rally in technology stocks. While Sensex and Nifty 50 closed slightly lower on Wednesday, Gift Nifty suggests an upward start for the day.

Also Read: “India’s Inflation Hits Lowest Level in Months, Bringing Relief to Consumers”

1. Asian Markets Rally Amid Cooling Inflation in the US

Asian stock markets traded higher following Wall Street’s positive close:
📈 Japan’s Nikkei 225 surged 1.22%, while Topix Index gained 0.96%
📈 South Korea’s Kospi Index rose 0.70%, and Kosdaq advanced 0.47%
📈 Hong Kong’s Hang Seng Index futures indicated a stronger opening

Also Read: Stock Market Update: Sensex, Nifty End Flat Amid IT Stock Slump; Infosys, Wipro Major Losers

2. Gift Nifty Signals a Positive Start for Indian Markets

🟢 Gift Nifty was trading at 22,555, a 25-point premium over the previous Nifty futures close, hinting at a strong opening for Indian equity indices.

3. US Stock Market Gains on Tech Rally & Inflation Drop

Also Read: ✈️ Noida International Airport to Open in May: A New Era for NCR Aviation

🔹 Dow Jones slipped 82.55 points (-0.20%) to 41,350.93
🔹 S&P 500 rose 27.23 points (+0.49%) to 5,599.30
🔹 Nasdaq Composite surged 1.22% (+212.36 points) to 17,648.45

💡 Top Gainers:
🚀 Nvidia (+6.43%)
🚀 Advanced Micro Devices (AMD) (+4.16%)
🚀 Intel (+4.6%)

📉 PepsiCo fell 2.7%

4. US Inflation Drops Below Expectations

📉 The US Consumer Price Index (CPI) rose 0.2% in February, compared to 0.5% in January
📉 Annual inflation eased to 2.8%, down from 3.0%

5. Indian Retail Inflation Falls to 7-Month Low

📊 India’s retail inflation (CPI) fell to 3.61% in February, down from 4.26% in January
📊 Inflation is now below RBI’s median target of 4%, boosting market sentiment

6. India’s Industrial Growth Strengthens

📈 Industrial Production (IIP) grew 5.0% in January, improving from 3.5% in December 2024

7. Russia-Ukraine Ceasefire Talks Underway

🕊 Russia is reviewing the US-backed 30-day ceasefire proposal; a resolution is expected within days

8. US Dollar Strengthens Against Major Currencies

💲 Dollar Index rose 0.13% to 103.57
💲 USD/JPY: 1 USD = 148.31 JPY (+0.37%)
💲 EUR/USD: 1 Euro = $1.0889 (-0.27%)

9. Gold Prices Edge Higher Amid Tariff Uncertainty

💰 Spot Gold: $2,938.24/ounce (+0.2%)
💰 US Gold Futures: $2,945.70

10. Crude Oil Prices Hold Steady After Recent Gains

🛢 Brent Crude: $70.93/barrel (-0.03%)
🛢 WTI Crude: $67.60/barrel (-0.12%)

📌 Market Outlook:
🔸 Tech stocks continue to drive global market gains
🔸 Cooling inflation data may boost investor confidence
🔸 Sensex and Nifty likely to open strong, but volatility expected due to weekly expiry

Tags:

Stock Market, Sensex, Nifty, Gift Nifty, US Inflation, Nasdaq Rally, Asian Markets, Indian Economy, RBI, Retail Inflation, Gold Prices, Crude Oil, Russia-Ukraine, IIP Data, US Dollar