On March 15, the benchmark Sensex and Nifty are probably going to open with a gap-down because the GIFT Nifty’s patterns suggest a poor start for the overall index, which has lost 132 points.
On March 14, the benchmark indices finished the day higher and partially recovered from the previous session’s losses, with Nifty closing at 22,150 due to purchasing across all sectors.
At the closing, the Nifty was up 149 points, or 0.68 percent, at 22,146.70, and the Sensex was up 335.39 points, or 0.46 percent, at 73,097.28.
GIFT Nifty
Trends in the GIFT Nifty show that the Indian market opened lower than expected, losing 132 points, or 0.60 percent. The 22,130.50 level was the trading range for the Nifty futures.
US Exchanges
US stocks fell on Thursday, as chipmaker stocks continued to decline for a second day and investors began to question if the Federal Reserve will lower interest rates sooner than anticipated due to an increase in producer prices.
According to data, the cost of items like food and gasoline climbed in February, causing U.S. producer prices to rise more than anticipated.
To reach 38,905.66, the Dow Jones Industrial Average dropped 137.66 points, or 0.35%. The Nasdaq Composite fell 49.24 points, or 0.3%, to 16,128.53, while the S&P 500 lost 14.83 points, or 0.29%, to 5,150.48.
Asian markets
On Thursday, Asian markets crossed $85 a barrel for the first time since November. West Texas Intermediate (WTI) oil for the United States dropped 32 cents, or 0.4%, to $80.94 in April.
Data from FII and DII
On March 14, provisional data from the NSE revealed that domestic institutional investors (DIIs) bought Rs 139.47 crore worth of stocks, while foreign institutional investors (FIIs) net sold shares worth Rs 1,356.29 crore.
NSE stock is prohibited from F&O
In addition to Aditya Birla Fashion & Retail, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, SAIL, Tata Chemicals, and Zee Entertainment Enterprises, the NSE has added BHEL to the F&O ban list for March 15. Indian Copper was taken from the aforementioned prohibited list.
Money on ‘Rating Watch Negative’ (RWN). The Reserve Bank of India (RBI) issued a regulatory direction on March 4 instructing IIFL Finance to stop making new loans backed by gold and any associated off-balance-sheet funding activities. The RWN complies with this directive.
dollar
Concerns about when and how much the Federal Reserve might lower interest rates this year were heightened by hotter-than-expected U.S. inflation data on Friday, which helped to end the dollar’s three-week losing streak.
Gold Rates
Gold fell on Thursday as prospects of an early rate decrease by the Federal Reserve were dampened by a higher-than-expected increase in the U.S. producer price index (PPI) for February. This increase also strengthened the currency and Treasury yields.
Unrefined
Although oil prices somewhat decreased on Friday, they were still expected to rise by almost 4% this week due to several factors, including dramatic drops in U.S. fuel and crude supplies, drone attacks on Russian refineries, and higher-than-expected estimates for energy consumption.
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