On the macro front, India’s retail inflation rose to 3.21% in February, coming in slightly above expectations as food prices picked up from the previous month. While the print remains within the Reserve Bank of India’s comfort zone, economists continue to watch global commodity prices and supply disruptions closely.
Energy markets remained in focus as tensions in West Asia continued to influence oil supply expectations. Even as global agencies and governments discussed releasing strategic reserves to stabilise supply, India’s Oil Minister Hardeep Puri said domestic fuel availability remains secure, with no shortage of petrol, diesel and domestic LPG supplies protected.
Meanwhile, the National Stock Exchange moved a step closer to its long-awaited IPO, finalising intermediaries and, according to sources, targeting a valuation of over ₹5 lakh crore.
Closing Bell | Markets extend losses for second day as intra-day rebound fizzles out
Closing Bell | Indian equity markets ended lower for the second straight session on Thursday, failing to hold on to an intraday recovery as heavy selling in banking and auto stocks dragged benchmarks lower.
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India retail inflation rises more than expected to 3.21% in Feb
India’s retail inflation, measured by the Consumer Price Index (CPI), rose to 3.21% in February from a revised 2.74% in January, according to government data released on March 12. The reading was marginally higher than the CNBC-TV18 poll estimate of 3.10%. Food inflation, a key component of the index, stood at 3.47% in February, compared with 2.13% in the previous month and above the poll estimate of 3%.
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Oil supply may take months to return to pre-war levels
The International Energy Agency (IEA) said its 32 member countries have agreed to release 400 million barrels of oil from emergency reserves to help address supply disruptions in global markets following the war in the Middle East.
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Fuel crisis fears? Hardeep Puri says no petrol, diesel shortage; LPG supplies protected
Oil Minister Hardeep Puri said India’s fuel supplies remain secure despite the Strait of Hormuz disruption, with refineries running at high utilisation, no shortage of petrol or diesel, and domestic LPG supply fully protected.
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NSE gets ready for IPO, finalises 20 bankers and 8 law firms
National Stock Exchange of India Ltd (NSE) on Thursday (March 12) has concluded the process for selecting intermediaries for its much-anticipated Initial Public Offering (IPO), officially marking the next step in India’s largest bourse moving toward going public.
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Exclusive | NSE guns a valuation of ₹5 lakh crore, sources say
Sources told CNBC-TV18 that NSE is targeting a valuation above ₹5 lakh crore for its long-awaited IPO, planning to dilute 4–5% via OFS. More details inside.
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Iran’s supreme leader says closure of Strait of Hormuz should be used as leverage
Iran’s Supreme Leader vowed to continue attacks on Gulf neighbors and seek US compensation, pushing oil prices above $100. President Trump promised to “finish the job.”
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Trump administration launches Section 301 trade probe on 16 countries, including India
The Trump Administration on Wednesday has announced new trade investigations of 16 countries, including India, with the goal of replacing President Donald Trump’s reciprocal tariff policy, which was deemed illegal by the country’s Supreme Court last month.
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US announces release of 172 million barrels of oil from Strategic Petroleum Reserve
US President Donald Trump has announced that the country will be releasing 172 million barrels of oil from its Strategic Petroleum Reserve to bring down higher energy prices as a consequence of the ongoing war with Iran.
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Airlines seek temporary relief from FDTL norms as West Asia conflict lengthens flight routes
The escalating crisis in West Asia is beginning to put operational pressure on airlines, as airspace disruptions force carriers to take longer routes on several international flights. With flight durations stretching beyond originally planned schedules, airlines have sought temporary relief from pilot duty hour norms to manage the disruptions.
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We’ll see you on Friday with another engaging ‘Top 10@10’
