BSE, NSE to remain closed on March 14 for Holi

The domestic share market indices closed lower in a volatile session, with Nifty below 22,400 and ending the week down nearly a percent, despite positive macroeconomic cues from industrial output and inflation data.At close, the Sensex was down 200.85 points or 0.27 percent at 73,828.91, and the Nifty closed 73.30 points or 0.33 percent at 22,397.20. BSE Midcap and smallcap indices shed 0.7 percent each. For the week, Nifty and Sensex declined 0.7 percent each.
Bharat Electronics, SBI, ICICI Bank, Cipla, NTPC were the top gainers on the Nifty, while losers included Shriram Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, Hindalco Industries. On the sectoral front, auto, IT, metal, media, realty down 0.5-1 percent each, while PSU Bank index up 0.5 percent, according to information.
Rupee Close:
On 13 Mar'25,the Indian rupee appreciated 19 paise to 87.03 against the US dollar in on Thursday , buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets. According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow, but a weaker American currency index and lower level of crude oil prices added strength to the local unit.
Market This Week
●Market gives up last week's gains, Nifty down nearly 1%,
●Broader markets underperform with Midcap index falling nearly 3%
Stock markets will remain shut on Friday, March 14 on account of Holi.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying, shortened trading week and sell-off in the US short market are providing a hiccup to the global market. However, India is withstanding with resilience and healthy outperformance, by a narrow negative trend. Even concerns that the US may have to bear a recession are not impacting the Indian market due to signs of recovery in fundamentals led by moderation in inflation, future rate cuts, and improvement in the economy in FY26 led by government spending and improvement in consumer income. However, if US policy continues to be tepid, it will become a point of concern. Market experts recommended five stocks to buy -Krishna Institute Of Medical Sciencs, Camlin Fine Sciences, GRM Overseas, PTC India, and NLC India.

(Business Correspondent)