Monthly data related to retail inflation for the month of February will be released today. These figures can be very important for the retail market.
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The Indian market will first react to the industrial production data on Monday. Along with this, the monthly data related to retail inflation for the month of February will be released today. these figures retail market can be very important for Apart from this, the balance of trade data for February will also be released on March 14, while the foreign exchange reserves for the week ending March 10 will be released on March 17. At the same time, the news of the sinking of Silicon Valley Bank in America will also have an impact on the Indian stock market.
Global investors will keep an eye on US inflation data on March 14. These figures can be important for the Federal Reserve before deciding on interest rates in the next policy meeting on 22 March. Let us tell you that Fed Chairman Jerome Powell has made it clear that this time the interest rates may increase more than expected. Most experts believe that US inflation may come down to around 6.0-6.1 percent in February, which was 6.4 percent in January.
Let us tell you that on March 16, decisions related to the interest rate will be taken by the European Central Bank. Along with this, on March 17, the data related to February inflation in the European Union will also be released. At the same time, data related to Chinese industrial production for January-February is also going to be released.
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Adani Group Stocks
The focus may remain on the shares of Adani Group this week as well. According to reports, Gautam Adani can sell stake worth Rs 3680 crore in Ambuja Cements. Adani has made a formal request to global lenders to sell 4-5 per cent of its cement business. NSE and BSE said on March 10 that Adani Group’s two companies Adani Transmission and Adani Total Gas have been placed in Stage 2 of Long Term Additional Surveillance. This monitoring will start from 13 March.
Adani Enterprises, Adani Power and Adani Wilmar are already under the Short Term Additional Surveillance (ASM) Framework Stage-I from March 9. Whereas, NDTV and Adani Green Energy are already under Long Term ASM Framework Stage-II.
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Signs of recession in these stocks
MACD has indicated bearish in Nucleus Software, Nykaa, Tata Chemicals, The Ramco Cements and Indiamart Intermesh shares. This means that now the process of decline in the shares of these companies has started.
On the other hand, foreign institutional investors remained net buyers for one more week ended March 10. If seen, he has purely bought shares worth more than Rs 1,700 crore. With this, the total purchase for this month became Rs 14,361 crore.
Movement will be seen in the primary market
This week, there can be a lot of movement in the primary market in the midst of upheaval in the showrooms. Global Surfaces IPO is going to open for subscription today. The company is engaged in processing of Natural Stone and production of Engineered Quartz. The company wants to raise Rs 155 crore through this IPO. Its price band has been fixed at Rs 133-140. Investors can invest money in these shares till 15 March.
Auto components maker Divgi TorqTransfer Systems will be listed on the stock market on March 14. The stock is currently trading at a premium of Rs 19 in the gray market. This means that investors are likely to make 3.22 per cent profit on the listing.