Indian shares expected to open higher on positive US CPI data and domestic indicators

From Nasdaq: 2025-03-12 22:41:52

Indian shares are expected to open higher following positive U.S. CPI data and domestic economic indicators. Industrial production in India rose 5.0% in January, exceeding expectations, while consumer price inflation eased to 3.61% in February. The rupee closed at 87.19 against the dollar. Foreign investors sold shares worth Rs 1,627.61 crore, while domestic investors bought shares worth Rs 1,510.35 crore. Asian markets are mixed amid global trade tensions. Gold prices rise above $2,940 per ounce, and oil steadies after OPEC maintains global demand outlook.

U.S. stocks mostly rose as consumer inflation remained below forecast. CPI rose 2.8% annually in February, lower than expected. Tech-heavy Nasdaq Composite surged 1.2% to rebound from six-month lows. S&P 500 ended higher to break a two-day losing streak, while the Dow dipped slightly. European stocks rebounded after Ukraine agreed to a ceasefire plan and the EU retaliated against Trump’s tariffs. STOXX 600 climbed 0.8%, German DAX rose 1.6%, France’s CAC 40 advanced 0.6%, and the UK’s FTSE 100 gained 0.5%.



Read more at Nasdaq: Sensex, Nifty Seen Higher At Open As US Inflation Cools