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Sensex Nifty Today | Stock Market Live Updates:
Indian equity indices in the red after a steady start as the cut across the Mid and small caps get deeper. The BSE Smallcap and the BSE Midcap Indices are down close to 2% each. The Nifty most importantly is trading well above the psychologically important mark- 22,000. The biggest concern in trade on February 28 was the Nifty breaking below this crucial level and setting off the panic button for most investors.
According to Anand James, Chief Market Strategist, Geojit Financial Services, “Nifty 50 constituents registered a green candle in the last hour on Friday, encouraging to take a positive stance today. However, inability to clear 22350 may push index down towards 21851.”
Here is a look at the 4 key factors that markets will watch out for in March
1. Valuation concerns: The Valuations of the small and midcaps is one of the key concerns for the market. Most analysts believe that while the large caps are now at a significantly more attractive level, the valuations of the small and midcaps are significantly under the radar still. They still see pockets of froth and euphoria is that space.
2.Trump Tariff: Uncertainty about Trump Tariff and possible reciprocal tariff continues to worry the street. While a fresh announcement reiterates that the US Govt is set to impose tariffs on Canada and Mexico, along with additional tariffs on China, from March 4, there is a growing worry about what it could mean for inflation in US. With tariff imposition, the consumer goods are expected to cost more in US. In the latest salvo against them, noted investment veteran and the Oracle of Omaha, Warren Buffet has called them an ‘act of war.’
3. Big data to watch: March is also an interesting month for global markets with the plethora of data that’s expected to be announced. The domestic IIP and Consumer Price Inflation data will be announced on March 12 while the wholesale price inflation is expected to be announced on March 14. The street will be keenly watching out for these numbers ahead of the RBI Policy announcement in April.
4. FII flows: January and February saw massive outflows in terms of FII selling.
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