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Stock Market Live Updates | Gift Nifty Hints At Gap-Up Amid Ceasefire, Global Cues

Synopsis:

Today’s share market’s key developments include: Sameer Shah and Anthony Montalbano resign from top posts at Raymond Lifestyles and Cyient DLM. Air India suspends key flights till May 15. Godrej eyes Rs.40k cr launch. Federal Bank sells Yes Bank stake. FIIs sell, DIIs buy.


 3:40 PM IST

Closing Bell | Sensex jumps 2,975 points | Nifty past 24,900

The Sensex surged 2,975 points and the Nifty crossed 24,900 following a ceasefire agreement between India and Pakistan. Top gainers included Birla Corporation (up 20%), Bajaj Electricals (15.16%), and Cera Sanitaryware (13.42%). Rail Vikas Nigam and EPL also saw strong gains. Meanwhile, KPR Mill fell 9.54%, and Future Lifestyle, Timescan Logistics, and Jyothy Labs declined over 4%. The overall market sentiment turned positive amid easing geopolitical tensions and strong volumes across major gainers.


 2:30 PM IST

Stock Market LIVE Update | Sensex surges 2,800 points | Nifty rises above 24,900

The Sensex surged 2,800 points while the Nifty crossed 24,900, boosted by positive sentiment following an India-Pakistan ceasefire. Six midcap stocks, including BSE and Solar Industries, hit 52-week highs. BSE rose 5.61% to Rs.6,940.50. Meanwhile, Chinese markets rallied after the US and China agreed to reduce tariffs. The Hang Seng Index jumped over 3%, and the yuan climbed to a six-month high at 7.2001. The CSI 300 and Shanghai Composite also saw notable gains, reflecting global market optimism.


 1:20 PM IST

Stock Market LIVE Update | Sensex jumps 2,500 points | Nifty surpasses 24,800

The Sensex surged 2,500 points while the Nifty crossed 24,800 amid easing US-China trade tensions. Gold futures dropped by Rs 2,553 to Rs 93,965 per 10 grams on the MCX, with global prices falling 1.49%. The Dollar Index rose 0.9%, hitting a one-month high, as the US and China agreed to cut tariffs by 115% and pause trade actions for 90 days. Japan’s Nikkei gained 0.38% on optimism, although pharmaceutical stocks dipped due to US drug pricing concerns.


 12:10 PM IST

Sensex jumped 2,300 points and Nifty crossed 24,700 as hospitality and tourism stocks surged following the India-Pakistan ceasefire. Mahindra Holidays rose 8%, while Lemon Tree, Chalet Hotels, and Indian Hotels gained over 5%. IRCTC and Easy Trip also saw notable upticks. Pharma stocks rebounded with Sun Pharma up 4% and Dr. Reddy’s up 3%. Other gainers included Suven Life, Granules India, and Aurobindo Pharma, all gaining between 2% to 6%, boosting overall market sentiment.


 11:20 AM IST

Stock Market LIVE Update | Sensex zooms over 2,300 points | Nifty climbs past 24,700

Markets surged as the Sensex jumped over 2,300 points and the Nifty crossed 24,700. Aviation stocks rallied after the IAF cancelled NOTAM for 32 airports. IndiGo soared 7.3%, GMR Airports gained 4.5%. Piramal Pharma rose 1.4% after receiving a VAI-tagged EIR from the US FDA. Oil prices rose amid positive US-China trade talks, with Brent at $64.34 and WTI at $61.50. BSE shares hit a record high of Rs.7,047, up 7.2%, driven by eased India-Pakistan tensions.


 9:50 AM IST

Stock Market LIVE Update | Sensex jumps 2,000 points | Nifty climbs above 24,600

The Sensex surged over 2,000 points while the Nifty crossed 24,600, driven by positive market sentiment. However, pharma stocks declined after Donald Trump proposed slashing drug prices by up to 80%. Sun Pharma fell 4.6%, Biocon 2.67%, and Aurobindo Pharma 2.36%. Lupin, Divi’s Labs, Glenmark, Ipca Labs, and Zydus Lifesciences also registered losses ranging from 0.9% to 2.2%. The proposed pricing reforms sparked a sell-off across pharmaceutical counters despite broader market gains.


 9:20 AM IST

Stock Market LIVE Update | Sensex surges over 1,800 points | Nifty surpasses 24,550

The Sensex surged over 1,800 points while the Nifty crossed 24,550. The forex market remained closed on Monday for Buddha Pournima. Yes Bank is in focus as Sumitomo Mitsui Banking Corp plans to acquire a 20% stake worth Rs 13,483 crore. Adani Power shares may see movement after securing a 1,500 MW power contract in Uttar Pradesh with a USD 2 billion investment. Swiggy also drew attention as its Q4 net loss doubled to Rs 1,081 crore.

GIFT NIFTY: Gift Nifty suggests a gap up opening for the Indian market amid firm global cues and announcement of the "full and immediate" ceasefire following intense U.S.-mediated negotiations. Nifty spot in today’s session to trade in the range of 24,600-24,200.

INDIA VIX: 21.63 | +0.62 (2.98%) ↑ today

Latest Market News

1. Sameer Shah resigns as Chief Financial Officer of the company due to personal reasons from Raymond Lifestyles.

2. Air India cancels flights to Jammu, Srinagar, Leh, Jodhpur, Amritsar, Chandigarh, Bhuj, Jamnagar & Rajkot till May 15.

3. Cyient DLM says, Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company.

4. Godrej Properties to launch project worth Rs. 40k cr in FY26.

5. Federal Bank to sell 0.5% stake in Yes Bank to Sumitomo Mitsui Banking Corporation for ₹357 Cr at ₹21.50/Sh.

6. FIIs net sell ₹ 3,798.71 crore while #DIIs net buy ₹7,277.74 crore in equities.

CYIENT LIMITED

Trade

1258.479.09 (6.70 %)

Updated - 12 May 2025
1265.90day high
DAY HIGH
1200.00day low
DAY LOW
708733
VOLUME (BSE)

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

  1. Treasury Yields: 

    • U.S. Treasury yields are seen trading higher in today's morning trade. The 10-year Treasury yield gained three basis points to 4.414%.

  2. Currency: 

    • The US Dollar Index was up by 0.32% at 100.51.

  3. Commodities:

    • Gold prices fell sharply in early Asian trade on Monday, as investors left safe havens on the wayside in favor of more risk-driven assets after the White House said it had reached a trade deal with China. Spot gold slid 1.5% to $3,283.04 an ounce.

    • Oil prices rose on Friday, posting a weekly gain. Brent crude rose $1.07, or 1.7%, to $63.91 a barrel. 


Asian Markets

  1. General Trends:

    • Asia-Pacific markets rose on Monday morning trade on optimism of a U.S.-China trade deal. 

  2. Specific Index Performance:

    • Japan’s benchmark Nikkei 225 added 0.36% in early trade while the broader Topix index moved 0.19% higher. 

    • In South Korea, the Kospi index advanced 0.67% while the small-cap Kosdaq fell 0.24% in early trade.


India Market Outlook

  1. Market in Previous Session:

    • Indian equities wrapped up on a subdued note on May 9, with the Nifty settling near the psychological mark of 24,000. As escalation of the Geo-political tension during last week caught the market off-guard. However, on Saturday 10th May 2025 at 5 PM, India and Pakistan have agreed to a full and immediate ceasefire. Both countries are now set to talk on May 12.

    • At close on Friday, the Sensex was down 880.34 points or 1.10% at 79,454.47, and the Nifty was down 265.80 points or 1.10% at 24,008.00. For thel week, both the BSE Sensex and Nifty registered a decline of over 1% each.

    • On the sectoral front, the Realty index corrected 2.3%, and the Private Bank index slipped 1.3%, while Media, Consumer Durables, Capital Goods, and PSU Bank indices logged gains in the range of 0.9% to 1.6%. The BSE Midcap index closed on a flat note, while the Small-cap index edged lower by 0.3%.

    • Notably, Foreign Institutional Investors (FIIs) sustained their inflows into Indian equities until the previous session, while retail participants adopted a more measured and risk-averse approach amid prevailing uncertainties.

    • Key positive triggers going into today's trade (A) India - Pakistan ceasefire. (B) Optimism surrounding US -China trade deal. (C) The southwest monsoon is expected to arrive in Kerala on May 27, which is an early onset compared to the normal date of June 1. (D) Talk between Russia and Ukraine on 15 May to end the war.


TRADE SETUP FOR MAY 12

  1. Nifty Short-Term Outlook:

    • The index formed an inverted hammer like candle indicating profit booking at higher levels. However, buying interest emerged near the crucial support zone of 24,000- 23,800.

    • The index is expected to open gap-up today as buying interest emerges near the lower end of the 12-session range (23,800–24,600), boosted by positive sentiment following the India-Pakistan ceasefire agreement over the weekend.

    • As expected, index held above the key 24,000–23,800 support zone last week, despite rising geopolitical tensions. This zone aligns with the past three weeks’ lows and a major previous breakout area.

    • On the upside, 24,500-24,600 will serves as key resistance, being the upper band of the recent consolidation and key retracement area of entire decline. A move above the same can open upside towards 24,850 in the coming sessions.

  2. Intraday Levels:

    • Nifty: Intraday resistance is at 24,510 followed by 24,600 levels. Conversely, downside support is located at 24,000, followed by 23,930.

    • Bank Nifty: Intraday resistance is positioned at 55,000, followed by 55,470, while downside support is found at 53,590, followed by 53,400.


Derivative Market Analysis

  1. Nifty:

    • Accumulation of both Call and Put Open Interest (OI) has been noted at the 24,000 strike, making it a key deciding level for the index.

    • An interesting observation is that major Call OI is seen at the 26,000 level. Meanwhile, immediate Call writers are active at the 25,000 and 24,500 strikes, which are likely to act as resistance.

    • Substantial Put writing is active at the 24,000 mark, making it a crucial support level. A breach below this level could trigger downside pressure.

    • The option chain suggests an immediate trading range of 24,000 to 24,500 for Nifty. A breakout on either side will determine the next directional move.

    • The Nifty Put-Call Ratio (PCR) declined by 0.14 and currently stands at 0.94.

  2. Bank Nifty:

    • Accumulation of both Call and Put OI at the 54,000 strike suggests a straddle formation, marking it as the key deciding level.

    • An interesting data point is that significant Put writing has been observed at the 54,000 level. If the price fails to hold above this level, it may witness downside pressure.

    • Call writers are active, indicating immediate resistance. A move above 54,000, followed by sustained trading, could trigger short covering.

    • The option chain shows unwinding by Put writers, indicating caution regarding potential downside. The immediate range is seen between 53,000 and 54,000 levels.

    • The Bank Nifty PCR declined by 0.07 and is now positioned at 0.77.

F&O Insight

  • Nifty (15th May Expiry)

  1. Nifty futures closed at 24,065.50, down 0.85%.

  2. India VIX remains elevated above 21, indicating rising volatility in the sessions ahead.

  3. Heavy Put writing is observed at the 24,000 strike, marking it as a critical support level for the index.

  • Bank Nifty (29th May Expiry)

  1. Bank Nifty futures closed at 53,732.

  2. Open Interest declined by 4.9%, suggesting reduced participation and possible indecision in the market.

  3. A straddle formation at the 54,000 strike indicates it is the pivotal level to watch for the day.

  • Stock Futures Update

  1. Yes Bank: OI surged by 16.1%, and the rise in price indicates a long buildup.

  2. Chambal Fertilizers: OI declined by 13.3%, and the price rise suggests long unwinding.
     

US Share Market News

  1. Performance Overview:

    • The S&P 500 closed slightly lower Friday, ending the week in the red as traders opted for caution ahead of trade talks between China and U.S. this weekend.

  2. Sector-Specific Movements:

    • The Dow Jones Industrial Average fell 119 points, or 0.3%, the S&P 500 index dropped 0.1%, and the NASDAQ Composite was flat. All the 3 benchmark indices Future are currently trading more than 1% higher.

    • The White House announced a trade deal with China had been reached following high-level meetings in Geneva this weekend, although no details of the agreement were released.

    • Trump also said on Sunday that he plans to sign an executive order lowering prescription drug and pharmaceutical prices by between 30% and 80%.

  3. Economic Indicators: 

    • During the weekend Russian President Vladimir Putin has proposed direct talks with Ukraine in Istanbul on May 15, “without preconditions” to achieve “lasting peace” and “eliminate the root causes” of the three-year conflict.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

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