Stocks in the Asia Pacific region rose on Thursday after soft US inflation print helped the Wall Street snap two days of heavy losses.

South Korea’s Kospi rose 0.80%, or 20.68 points to 2,595.50, while Australia’s S&P ASX 200 rose in early trade, but gave up gains as of 6:55 a.m. and was down 0.10% at 7,778.40. Markets in Japan and Hong Kong Futures rose on Thursday, while the benchmark index in China were mixed.

This comes after S&P 500 rose 0.49% on Wednesday, while the Nasdaq Composite was up 1.22%. On the other hand, the Dow Jones Industrial Average fell over 0.20% on Wednesday.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — fell 0.02% to 103.57. The benchmark yield was unchanged at 4.31%.

Crude oil fell on Thursday with the Brent crude falling 0.11% at $70.87 a barrel as of 6:58 a.m. IST, and the West Texas Intermediate was down 0.18% at $67.56.

India’s benchmark equity indices ended Wednesday’s session lower, with the Nifty ending in the red and the Sensex extending its decline for the third day.

The NSE Nifty 50 ended 27.40 points, or 0.12% lower at 22,470.50, while the BSE Sensex closed 72.56 points, or 0.10% down at 74,029.76.

Foreign portfolio investors remained net sellers of Indian equities for the 15th straight session on Wednesday as they net offloaded stocks worth Rs 1,627.6 crore. Domestic institutional investors stayed net buyers for the 25th straight session as they net bought equities worth Rs 1,510.4 crore, according to provisional data from the National Stock Exchange.

Stocks To Watch

  • Bharat Electronics: The company received an order worth Rs 2,463 crore from the Indian Air Force for Ashwini Radars.

  • NTPC Green Energy: The company’s unit NTPC Renewable Energy started its commercial operations.

  • Zydus Lifesciences: The company’s venture arm invested in Illexcor Therapeutics to advance a novel oral therapy for sickle cell disease.

  • Coromandel International: The company signed a definitive agreement to acquire a 53% controlling stake in NACL Industries for Rs 820 crore.

  • Firstsource Solutions: The company’s US-based arm incorporated a wholly owned subsidiary in Colombia.

  • Jubilant Pharmova: The company received an Establishment Inspection Report from the US FDA with voluntary action indicated for its arm’s oral formulations facility in Maryland.

  • BEML: The company signed an MoU with Siemens India to explore opportunities in suburban passenger train segments. It also signed an MoU with Dragflow SRL to strengthen indigenous dredging solutions.

  • ICICI Securities: Trading in the company’s shares will be suspended effective March 24.

  • Jaiprakash Associates: A consortium of lenders, including SBI, ICICI Bank, and IDBI Bank, transferred financial assets to National Asset Reconstruction Co.

  • Ola Electric Mobility: The company announced a Holi Flash Sale with offers of up to Rs 26,750 on its S1 range.

  • Satin Creditcare: The company has increased its limit for issuing letters of comfort from Rs 200 crore to Rs 300 crore.

  • RattanIndia Power: The Delhi High Court has rejected the company’s petition against the Rs 115 crore arbitral award to BHEL.

  • Yatra Online: Rohan Purshottamdas Mittal resigned as the company’s chief financial officer.

  • Azad Engineering: The company has opened its first exclusive lean manufacturing facility for Mitsubishi Heavy Industries.

Bulk Deals

  • Infosys: Gaurav Manchanda sold 29.84 lakh shares (0.07%) at Rs 1,574 apiece, Shruti Shibulal bought 29.84 lakh shares (0.07%).

Insider Trading

  • Texmaco Infrastructure & Holdings: Promoter Adventz Finance bought 1.2 lakh shares on March 10.

  • Pennar Industries: Promoter Aditya Narsing Rao bought 8,750 shares on March 11.

  • Kilburn Engineering: Promoter Firstview Trading bought 20,000 shares on March 11.

  • Sterling Tools: Promoter Atul Aggarwal sold 58,440 shares on Dec. 3.

  • Sheela Foam: Promoter Rahul Gautam bought 17,500 shares on Dec 4.

  Trading Tweaks

  • Ex/record dividend: Housing & Urban Development Corp., Sun TV Network, G R Infraprojects.

  • Moved into short-term ASM framework: IndusInd Bank, Ganesh Infraworld.

F&O Cues

  • Nifty March futures down by 0.17% to 22,530 at a premium of 60 points.

  • Nifty March futures open interest down by 0.68%.

  • Nifty Options March 13 Expiry: Maximum call open interest at 23,000 and maximum put open interest at 22,000.

  • Securities in ban period: BSE, Hindustan Copper, Manappuram Finance, IndusInd Bank, SAIL.

Currency Update

The Indian rupee ended flat at 87.21 against the US dollar.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 0.12% lower at 22,470.50, while the BSE Sensex closed 0.10% down at 74,029.76 on Wednesday.  Read MoreMarkets, Notifications 

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