By noon, the stock market saw a strong rally with Sensex soaring 2,276 points to reach 81,730.66, with a 2.86% gain. Meanwhile, the Nifty 50 jumped 712 points, trading at 24,720.20, up 2.97%. Broad-based buying across sectors, especially in pharma, banking, and IT, is fueling the rally in today's session.
On Monday, 12th May, the Indian benchmark indices opened on a strong note as Nifty opened above the 24,420 mark, whereas Sensex surged over 1800 pts during the opening session. On the Nifty index, the top 5 gainers were Adani Enterprises, Jio Finance, Trent, Axis Bank and Shriram Finance, whereas the top losers were Sun Pharma, Cipla and Dr. Reddy.
On the global stage, Asian stock markets have strengthened as of Monday morning, May 12, 2025, driven by encouraging events in the U.S.China trade talks. The Nikkei 225 index began the day up 0.2%, the KOSPI index was up 0.57%, and the S&P/ASX 200 index was up 0.31%.
On the other hand, Wall Street futures saw a significant uptick on Sunday, with Dow futures rising 414 points and S&P 500 and Nasdaq futures up 78 and 387 points, respectively. The focus of the domestic market will be on FII inflows into Indian equity, as FIIs purchased Indian equity for a total of Rs 48533 crores over 16 trading days ending May 8th. Meanwhile, the Indian stock market is going to be greatly influenced by important domestic triggers this week, such as the release of the Consumer Price Index (CPI) and the Wholesale Price Index (WPI), in addition to the Q4 earnings season, Bharti Airtel, Tata Steel, SRF, UPL, PVR INOX, Cipla, GAIL India, Hero Motocorp, Siemens, and Bharti Hexacom will also be releasing their results soon.
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May 12, 2025, 3:24 pm IST
Stock Market Live Updates: Ather Energy Q4 Revenue Rises 29% YoY, Net Loss Narrows to Rs 234 Crore
Ather Energy reported a notable improvement in its financial performance for the fourth quarter, with its net loss narrowing to Rs 234.40 crore from Rs 283.30 crore year-on-year. Revenue surged 29.2% to Rs 676.10 crore, compared to Rs 523.40 crore in the same period last year. The company also reduced its EBITDA loss to Rs 172.40 crore, down from Rs 238.50 crore, reflecting improved operational efficiency and cost management.
May 12, 2025, 2:59 pm IST
Stock Market Live Updates: Indian IT Stocks Soar as US Cuts Tariffs on China to 30% for 90 Days
Shares of Indian IT companies experienced a significant surge during Monday’s (May 12) trading session, following the announcement by the United States to reduce tariffs on China from 145% to 30% for a period of 90 days.
May 12, 2025, 12:51 pm IST
Market Live Updates: Aviation Stocks Rally
There are two airline stocks listed on BSE and NSE. Indigo and SpiceJet shares rallied by more than 10% each after the Aviation Ministry lifted the ban on 32 airports. These airports were initially shut till May 15, for any operations. However, with ceasefire agreement between Indo-PAK, the ministry has issued new directions that re-opens these airports.
May 12, 2025, 12:00 pm IST
Pharma Stocks Lead Market Recovery
Pharma stocks today recovered strongly as Sun Pharma led the charge, rising over 4%, while Dr. Reddy’s Laboratories gained nearly 3%. Other notable performers included Suven Life Sciences, and Sun Pharma Advanced Research, Strides Pharma and Granules India also posted healthy gains of 3.59% and 2.86%, respectively. Meanwhile, Aurobindo Pharma added 2.86%, and Natco Pharma closed 2.31% higher.
May 12, 2025, 11:56 am IST
Fusion Finance’s Rs. 800 Crore Rights Issue Subscribed 1.5 Times
Fusion Finance Limited today announced the successful completion of its Rs. 800 crore Rights Issue, which was subscribed 1.5x. The offering, launched on 15 April 2025, witnessed robust participation from existing institutional investors, including promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus LLC, and Creation Investments Fusion LLC. The Rights Issue comprised up to 6,10,58,392 partly paid-up equity shares at a price of Rs.131 per Rights Equity Share (including a premium of Rs.121), aggregating up to Rs. 799.86 crore.
May 12, 2025, 11:31 am IST
Relinace NU Energies Wins Energy Storage System Project In SJVN Auctions
Reliance Power Limited subsidiary, Reliance NU Energies Private Limited, wins the largest allocation in SJVN’s tariff-based competitive bidding process, securing an allocation of 350 MW of solar generation capacity coupled with 175 MW/700 MWh of battery energy storage system (BESS). Once commissioned, the platform will add 600 MWp of installed solar PV capacity, and 700 MWh of energy storage to Reliance Power’s portfolio.
May 12, 2025, 11:10 am IST
TCS Partners with Dhofar Insurance Company
Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has partnered with Dhofar Insurance Company (DIC), the largest insurance enterprise in Oman. DIC will implement TCS’ flagship offering, TCS BaNCS™ for Insurance, as part of its long-term growth and transformation program.
May 12, 2025, 10:42 am IST
Sharp Drop In Gold Rates On May 12
Gold prices in India slipped big time after registering massive gains last week. On May 12 the 24 carat gold rate in India declined by Rs. 1800 per 10 grams to cost Rs. 96,880 per 10 grams. While the 22 carat gold prices today slipped sharply by Rs. 1650 to retail at Rs. 88,800 per 10 grams.
In SJVN's tariff-based competitive bidding procedure, Reliance NU Energies Private Limited, a subsidiary of Reliance Power Limited, secures the largest allocation, obtaining a 350 MW solar production capacity and a 175 MW/700 MWh battery energy storage system (BESS). The platform will strengthen Reliance Power's position as a pioneer in innovative energy solutions by adding 700 MWh of energy storage and 600 MWp of installed solar PV capacity to its portfolio once it is put into service. The firm is now the largest participant in India's employed solar + BESS market, with a total clean energy pipeline of 2.5 GWp solar and >2.5 GWhr BESS.
May 12, 2025, 9:39 am IST
Voltas – RAC growth outlook uncertain amidst weak start to summer (Add, TP: Rs1,390)
“VOLT’s Q4FY25 sales grew 13% YoY to Rs47.7bn, broadly in-line with our estimate. UCP sales grew 17% YoY to Rs34.6bn (below our estimate of 20%) driven by RAC, air coolers and commercial ACs. EMPS sales grew 4% YoY to Rs11.4bn. Gross margin was up 160bps YoY to 21.4%. EBITDA margin rose 250bps YoY on a low base to 7% (below CentE of 7.5%), While UCP margin rose 80bps YoY to 10%, EMPS reported EBIT loss of Rs17mn due to Rs400mn provision towards expected credit loss for projects in GCC countries. Led by high other income (+46% YoY to Rs797mn), PAT rose 107% YoY on a low base to Rs2.4bn (below CentE of Rs2.9bn). While summer season has commenced on a tepid note (April sales were impacted), VOLT is hopeful of demand revival in next two peak months and aims to recoup sales. It has refrained from taking any price hikes, but would evaluate it if warranted. We cut FY26E/27E EPS by 9%/4% and retain ADD rating on the stock with a revised SOTP-based target price of Rs1,390 (Rs1,430 earlier) on FY27E EPS,” the brokerage firm Centrum Broking stated.
May 12, 2025, 9:15 am IST
Nifty Prediction
“Technically, Nifty formed a small green candle on the daily chart; however, on the weekly chart, the index formed a bearish engulfing candle, reflecting weakness. The index continues to struggle near the crucial resistance zone of 24,590. As long as it remains below this level, the short-term upside appears limited. On the downside, key support for Nifty is seen around the 23,850 level,” said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company).
May 12, 2025, 9:03 am IST
Market Outlook Today By Mr. Aditya Gaggar, Director of Progressive Shares
The market closed the previous week on a subdued note at 24,008, but early cues from GIFT Nifty point to a robust start with a potential 500-point surge. The 24,000 mark is expected to act as a firm psychological support, with 24,250 offering immediate support, while 24,500 remains a key resistance level. In case of BankNifty, the zone of 54,260-54,600 presents a strong hurdle, though the downside appears to be protected at 53,950. Sector-wise, the Auto segment looks promising with a "buy on dips" strategy, having broken out of a Falling Wedge pattern. The IT sector remains range-bound, awaiting a clear breakout. Nazara Technologies stands out in the digital entertainment space, with a confirmed breakout from a Symmetrical Triangle, backed by a bullish RSI trendline and MACD crossover. The Pharma sector seems to be ending its corrective phase by forming the right shoulder of an Inverted Head and Shoulder pattern; however, concerns over drug price reduction could negatively affect the space, and a more informed stance will be taken once the impact is clear. Despite the current weakness in the PSU Banking segment, early reversal signals in stocks like Bank of India, Canara Bank, and Union Bank suggest potential opportunities worth tracking.
May 12, 2025, 8:30 am IST
Bank Nifty Prediction Today By Om Mehra, Technical Research Analyst, SAMCO Securities
On the daily chart, the index appears to be forming a flag pattern, while the undertone remains cautious, the pattern has not confirmed a breakdown. The daily RSI is exhibiting negative divergence, indicating a potential loss of momentum. On the hourly chart, early signs of mild weakness are evident, suggesting a possible short-term corrective move toward the 53,000 mark. Nifty Bank declined by 2.76% in the previous week, reflecting the loss of the positive outlook. In the broader view, the momentum is probably going to stay skewed to the downside unless the index recovers the 55,000 mark. However, a sustained hold above 54,600 could act as a springboard for the index to resume its upward trajectory in the coming sessions.
May 12, 2025, 8:27 am IST
Nifty Prediction Today By Om Mehra, Technical Research Analyst, SAMCO Securities
The index formed a bearish candle on the daily chart and slipped below the 9-day EMA. It has now retraced to the 23.6% Fibonacci retracement level, placed at 23,910. Additionally, Nifty has breached the support of the hourly Supertrend indicator, further reflecting a weakening market undertone. The support remains at 23,800, followed by 23,700. A break below this zone could pave the way for a deeper retracement, potentially toward the 38.2% Fibonacci level near 23,500. The daily RSI is going lower and is now at 54, indicating a slowing pace. A weekly loss of 1.39% in Nifty underpins a cautious short-term outlook, as the recent correction may obstruct a swift and sustainable recovery.
May 12, 2025, 8:14 am IST
Bank Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options setup reflects a cautious-to-negative undertone. Call writers have intensified their grip at upper strike prices, building strong resistance walls, while put writers have started to unwind their positions at higher levels—hinting that the bulls are stepping back. The 55,000 Call strike has emerged as a major hurdle with 10.33 lakh contracts, while the 54,000 Put strike shows a hefty build-up of 17.81 lakh contracts, establishing it as an immediate support floor. With the bulk of Open Interest clustering in the 54,500–55,000 range, this has become the new resistance pocket. The Put-Call Ratio (PCR) has dropped from 0.85 to 0.73, indicating rising skepticism. Meanwhile, the Max Pain remains at 54,000, reflecting indecisiveness and lack of strong directional conviction.
May 12, 2025, 8:07 am IST
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Currently, Nifty Bank is entering a corrective to consolidative zone, attempting to absorb past gains while awaiting a fresh directional catalyst. With the index just above a short-term cushion at 53,445, the failure of bulls to build on higher levels has left them visibly fatigued. From a charting perspective, repeated rejections at key resistance zones along with diminishing strength (momentum) is a cause of concern. That being said, as long as the index hovers near 53,445, a cautious set of bulls may still stay in play, though with a defensive stance. The weekly chart now shows a dominant bearish engulfing candle, which has completely eaten up the gains of the last two weeks and ended below the prior week’s low—a strong sign of weakening support. If the index breaches Friday’s low, it could amplify the downward momentum. In the broader context, the structure has tilted more toward risk-off positioning, with sellers tightening their grip on any bounce-backs. Immediate resistance is now placed in the 54,000–54,300 zone, and a firm breakout above this could trigger a wave of short-covering and drive the index toward 55,500. On the flip side, if 53,450 cracks decisively, we may see further slide toward the 53,000–52,800 area. From a momentum lens, the daily RSI has slipped below 60, pointing to fading bullish energy. Any additional downside will likely be triggered if the index fails to hold on to its current supports.
May 12, 2025, 8:05 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options data paints a cautious-to-bearish picture. Call writers have significantly ramped up their positions at higher strike prices, creating stiff overhead resistance. On the other hand, put writers are seen exiting higher levels and shifting their positions downward—an indication of the bulls’ retreat.
The 24,500 Call strike has accumulated heavy open interest of 51.04 lakh contracts, firmly marking it as a key ceiling. Meanwhile, the 24,000 Put strike has seen substantial writing with 72.81 lakh contracts, confirming it as a critical immediate support. The concentration of open interest in the 24,400–24,500 band underscores this resistance zone. The Put-Call Ratio (PCR) has slipped from 0.85 to 0.73, highlighting growing caution among participants. Max Pain remains centered at 24,050, suggesting the market is still awaiting a decisive move in either direction.
May 12, 2025, 8:04 am IST
Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
From a technical lens, the index’s repeated inability to sustain above crucial resistance zones and the visible loss in momentum raise concern. Still, as long as the index hovers above the psychologically significant 24,000 mark, bulls may attempt to hold the line—albeit with reduced confidence. On the weekly chart, a notable bearish candle has taken shape, with the index closing below last week’s low, signaling a potential weakening of the support zone. A breach of Friday’s intraday low could intensify selling pressure and accelerate the downside move. Broader trends have started tilting toward caution, with sellers becoming more assertive and gains failing to hold at higher levels. Key resistance is now seen in the 24,200–24,250 region, and a decisive move above this range could trigger short-covering and lift the index toward 24,500. Conversely, if the index falls below the 24,000 level, a deeper correction toward the 23,800–23,600 band could be in store. In terms of momentum indicators, the daily RSI has dipped below the 60 mark, signaling that bullish momentum is waning. If the index fails to sustain above its support, further downside pressure could unfold in the near term.
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