Global Rally Sets Positive Tone for Indian Benchmark Indices: IT Stocks in Focus
On March 13, 2025, foreign institutional investors (FII) sold shares worth Rs 792.90 crore, while domestic institutional investors (DII) bought shares worth Rs 1,723.82 crore.
Pre-Market Update at 7:45 AM: Sensex and Nifty 50 are set for a positive opening on Monday, following a rally in global markets. Asian markets traded higher, and US stocks saw a strong rally on Friday, with the S&P 500 and Nasdaq recording their largest single-day percentage gains since the day following the US presidential election.
Gift Nifty was hovering near 22,586, reflecting a premium of approximately 160 points over Thursday's close of Nifty futures, suggesting a gap-up opening for Indian stock market indices.
The U.S. stock market closed significantly higher on Friday, driven by a strong rally in major tech-related stocks. The Dow Jones Industrial Average climbed 674.62 points, or 1.65 per cent, to finish at 41,488.19. The S&P 500 gained 117.42 points, or 2.13 per cent, reaching 5,638.94, while the Nasdaq Composite advanced 451.07 points, or 2.61 per cent, to settle at 17,754.09.
This week, investors will focus on several important stock market factors, including the US Federal Reserve's policy decision, potential tariff announcements from Donald Trump, foreign fund inflows, domestic and global economic data, and other significant global market trends.
China Announces Stimulus Measures
China’s State Council introduced a “special action plan” aimed at stimulating domestic consumption. The initiative includes steps to enhance household income and implement a childcare subsidy program. The directive, distributed to various regions and departments, focuses on expanding consumer spending, boosting purchasing power, and reducing financial burdens to drive economic growth.
Asian markets moved higher, taking cues from Wall Street’s rally. Japan’s Nikkei 225 remained flat, while the Topix index climbed 1.22 per cent. South Korea’s Kospi index jumped 1.5 per cent, with the Kosdaq edging up 0.43 per cent. Futures for Hong Kong’s Hang Seng index signaled a positive start.
Crude oil prices climbed more than 1 per cent following the U.S. pledge to continue strikes against Yemen’s Houthis until the Iran-backed group halts its attacks on shipping. Brent crude futures increased by 1.02 per cent to USD 71.30 per barrel, while U.S. West Texas Intermediate (WTI) crude futures advanced 1.1 per cent to USD 67.90 per barrel.
The US dollar hovered close to a five-month low against its major peers. The dollar index was almost flat at 103.31, while USD/INR was trading at 86.91.
On March 13, 2025, foreign institutional investors (FII) sold shares worth Rs 792.90 crore, while domestic institutional investors (DII) bought shares worth Rs 1,723.82 crore.
Stocks that are banned for trading in the F&O segment on March 17, 2025, are BSE, IndusInd Bank, Hindustan Copper, Manappuram Finance, SAIL, etc.
Disclaimer: The article is for informational purposes only and not investment advice.