By theindianinvestor 
Thursday , 13th March 2025
Time : 8:30 AM IST
insights:
1. Yesterday, Nifty closed at 22,470, down by 27 points.
2. The IT sector was the major drag, hitting a nine-month low as Morgan Stanley and other brokerages downgraded India’s IT outlook due to tariff uncertainty and US recession fears.
3. Infosys and TCS alone contributed 70 points to the fall, while banks performed better.
4. India’s CPI inflation for February came in better than expected at 3.85%, compared to 4.26% in January.
5. IIP data for January also exceeded expectations, expanding by 5% versus the estimated 3.4%.
6. A rate cut of 25 bps in April seems possible, as inflation came in lower than expected.
7. SIP data for February declined by 26% compared to January, likely due to fewer days in the month.
8. US markets ended mixed, with the Dow closing lower, while the S&P 500 and Nasdaq closed higher.
9. US CPI data for February came in below expectations at around 2.8%. Expectations for a rate cut in June are building, though an April cut seems unlikely.
10. Asian markets are trading in the green this morning.
11. GIFT Nifty indicates a 30-point gap-up opening for Indian markets.
12. The market is falling both when global markets fall and when they rise, as FII selling has become a major sentiment driver.
13. FIIs net sold more than ₹1,600 crores in the cash market. Their selling spree appears to have eased over the past few days from earlier levels of ₹4,000 crores.
14. Nifty is expected to find support around 22,300 and face resistance at 22,700.