Sensex, Nifty to open flat ahead of inflation, IIP data; PB Fintech, Zydus Life, Airtel shares in focus

Indian share market is expected to open flat-to-negative on Wednesday, tracking mixed cues from global peers and muted trend at Gift Nifty. As of 8:15 AM, GIFT Nifty Futures were down 4.5 points, 0.02%, at 22,556, indicating a flat start for the BSE benchmark Sensex and NSE Nifty50. On the domestic front, two key data will be released today post market hours - retail inflation (CPI inflation) for February and industrial production figure for January.

On Tuesday, the domestic equity market continued subdued trading for the second straight session, ending marginally below the base line. The 30-share Sensex ended 0.02%, or 13 points, lower at 74,102, while the Nifty50 climbed 0.16%, or 38 points, to 22,498.

Mixed Global cues

Share markets in the Asia-Pacific region mostly traded higher on Wednesday, undermining weak cues from Wall Street, which witnessed another session of volatile trade amid uncertainty over U.S. President Donald Trump’s tariff plans and looming fear of recession in the world’s largest economy. All three major U.S. stocks ended lower overnight, with the Dow Jones Industrial Average closing lower by 1.14%, while the S&P 500 dropped 0.76% and the Nasdaq Composite slipped 0.18%.

Bucking the trend, in the Asian market, Japan’s Nikkei 225 rose 0.2%, while South Korea’s KOSPI and Taiwan’s Weighted stock index surged up to 1.5%. While Singapore’s Straits Times, China’s Shanghai Composite and Hong Kong’s Hang Sang traded flat, Indonesia’s Jakarta Composite jumped 0.8% and Australia’s ASX 200 ended 1.2% lower.

Stocks to watch

Zydus Life: The pharma company, formerly known as Cadila Healthcare, to acquire french orthopedics firm Amplitude Surgical for ₹2,851 crore. Amplitude Surgical is engaged in design, development, and marketing of products for orthopedic surgery in France and internationally.

Waaree Renewable: A three-member consortium, which includes Waaree Renewable Technologies, has secured a solar power project worth ₹740.06 crore.

Jindal Stainless: The company has proposed to invest ₹700 crore over next five years on decarbonisation to achieve its net-zero goals by 2050.

Bharti Airtel: Sunil Bharti Mittal-led telecom major has finalised a deal with Elon Musk’s SpaceX to bring Starlink’s high-speed internet services to its customers in India.

Adani Enterprises: The Adani Group has reportedly won the project worth ₹36,000 crore to redevelop Motilal Nagar in Mumbai.

IREDA: The board of Indian Renewable Energy Development Agency Limited (IREDA) will meet on March 17 to consider the proposal for enhancement of borrowing plan for FY 2024-25.

Adani Green Energy: Adani Solar Energy Ap Eight Private Limited, a wholly-owned step down subsidiary of Adani Green Energy, has set up a solar power project of 250 megawatt (Mw) at Kadapa, Andhra Pradesh.

Swiggy: The online food delivery and quick commerce company has set a goal for itself to transition to a 100% electric vehicle (EV) delivery fleet by 2030.

PB Fintech: The parent company of Policybazaar has announced to invest ₹696 crore in PB Healthcare Services Private Limited, its wholly-owned subsidiary, in the financial year 2025-26 (FY26).

Nykaa: FSN e-Commerce, the parent company of beauty retailer Nykaa, has set up a new wholly-owned subsidiary called 'Nykaa Essentials Private Limited'.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)