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Stock markets observed a holiday on Friday to celebrate the festival of Mahashivratri. In the last trading session on Thursday, the markets ended trading on a muted note after experiencing massive highs during the day. The Sensex closed at 74,119.39, while the Nifty settled at 22,493.50.
In the week, investors will keenly observe the macroeconomic data to be released. On the domestic end, the consumer price index-based (CPI) inflation or retail inflation data for February is scheduled to be released on Tuesday, along with the index of industrial production (IIP) data for the month. The wholesale price index (WPI)-based inflation data is also set to be revealed in the latter half of the week.
Globally, inflation data for several countries is expected to be released soon. The United States is set to unveil its inflation figures in the first half of the week and also release its Producer Price Index (PPI) numbers on Thursday. Other major macroeconomic data will be released in the week from Japan, UK, and the Euro Zone. Japan will release its GDP numbers along with the unemployment rate in the week. The United Kingdom will also reveal its GDP figure. Further, the ECB interest rate meeting will also be concluded in the week.
Among the major initial public offerings (IPOs) expected in the week are Popular Vehicles & Services IPO, opening on March 12, and Krystal Integrated Services IPO, to start accepting bids from March 14. Gopal Snacks IPO will also close on March 11.
Share debuts in the week will include Bharat Highways InvIT and RK Swamy, set to start trading on March 12. JG Chemicals will mark its debut in the market on March 13.