Sensex, Nifty climb in early trade on robust domestic macro data, global cues

Equity market benchmarks Sensex and Nifty rise on strong domestic data and global trends, led by ICICI Bank and Reliance: Follow The Hindu’s updates on the Sensex and Nifty

Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday (March 13, 2025) driven by buying in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic data and firm trend in the global peers.

The 30-share BSE Sensex climbed 192.32 points or 0.26 per cent to 74,222.08 in the morning trade. The NSE Nifty rose 21.75 points or 0.1 per cent to 22,492.25.

From the Sensex pack, Tata Steel, Bajaj Finserv, ICICI Bank, Bajaj Finance, State Bank of India, Zomato, Bharti Airtel, PowerGrid, NTPC and Titan were among the gainers.

In contrast, IndusInd Bank, ITC, UltraTech Cement, Asian Paints, Tata Motors, Axis Bank, Mahindra & Mahindra, and Nestle India were the laggards.

"The market will be moving in the midst of domestic tailwinds and global headwinds on Thursday (March 13, 2025) . The domestic macros are highly positive," V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Consumer Price Index (CPI)-based retail inflation slipped to a seven-month low of 3.61 per cent in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for the RBI to go for another cut in interest rate next month.

The second set of data released by the National Statistics Office (NSO) showed that the growth in Index of Industrial Production (IIP), a measure of performance of industries, accelerated to 5 per cent in January 2025, driven by a rebound in manufacturing activity.