According to Bajaj Broking research, this week will see key economic data releases from China, India, and the United States, which could influence global markets. On Wednesday, March 12, India will release its CPI (YoY) for February and Industrial Production (YoY) data for January, hedding light on inflation and economic health. The U.S. will also release its CPI (YoY) for February, an important indicator for the Federal Reserve's policy outlook. On Thursday, March 13, the U.S. will report Initial Jobless Claims and February’s PPI (MoM), providing further insights into labor and inflation dynamics. Finally, India’s stock market will be closed on Friday, March 14, for the Holi festival. With significant inflation data from all three nations, global markets may face volatility, especially in interest rate-sensitive sectors, as investors assess potential central bank actions and economic growth trends.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services stated, "The trend of FII selling in India continued in early March, too. But there are signs of slight decline in the intensifying in the last couple of days. Up to March 7th FIIs have sold equity for Rs 24,753 crores taking the total equity selling in CY 2025 to Rs 1,37,354 crores."
Vinod Nair, Head of Research at Geojit Financial Services, said, "A rebound in Q3FY25 GDP and signs of recovering consumption also played a role in lifting markets." He added that sectors like metals, capital goods, and energy led the gains in the recent rally
Ajit Mishra, SVP, Research, Religare Broking Ltd, showcased perspective from the technical standpoint of the market. He stated, "From a technical perspective, Nifty faces a crucial hurdle at its 20-day Exponential Moving Average (DEMA) near 22,700. A sustained move above this level, supported by banking stocks, could push the index towards the 23,200-23,400 range. However, a close below 22,250 may stall the recovery and lead to a retest of the key support zone between 21,800 and 22,000."
He also shared insights on the banking sector, saying, "In the banking sector, a decisive breakout above 49,000 on the Bank Niftyits 20 DEMAcould provide the necessary momentum to propel the index toward the 50,000 mark."
Mishra advised investors to maintain a positive yet cautious approach given the current market conditions. He said, "Stock selection should focus on companies demonstrating relative strength and strong upside potential. The broader indices have approached their initial resistance levels, making it prudent to limit aggressive positions and avoid adding to loss-making trades at this juncture. With key global and domestic events lined up, market volatility is expected to persist. Mishra said that investors should stay vigilant, track crucial data points, and make informed decisions based on emerging trends.
Samir Arora, Founder and Chief Investment Officer at Helios Capital stated on X, "This time, it is not accompanied by excess and wasteful investments in any sector, job losses, property price crashes, leverage unwinding necessity by anyone, or an increase in NPAs. This is a valuation correction of a group of companies without any underlying overall real economic harm, so it will not take time like before to stabilize and then recover."
Source : Press Release
