Domestic frontline indices Nifty 50 and Sensex are likely to pop on open on Monday, May 12, as investors are optimistic following the halt in cross-border firing between India and Pakistan.
On May 10, India and Pakistan agreed to a ceasefire, following escalating tensions between the neighboring countries caused by the April 22 terror attack in Pahalgam. Further, the Lieutenant General Rajeev Ghai, Director General Military Operations, said that a DGMO-level talk with Pakistan will be held on Monday at 12 noon.
GIFT Nifty soars 400 points, indicates gap-up open for Indian equity markets amid easing India-Pakistan tensions- Daily Market Update12th May 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat note.
- European equity markets on a positive note.
- Asian equity markets are trading higher.
- GIFT Nifty is up by 450 points, Nifty futures likely to open around 24550 levels.
Benchmark Nifty index ended lower at 24008 levels after a cut of 266 points from its previous closing values amid escalating geopolitical tensions between India and Pakistan.
Broader markets outperformed the benchmark as Mid cap index ended on a flat note while Small cap index fell 0.61%.
Majority of sectoral indices tracked at NSE ended in red. Amongst them, Nifty Realty was the worst performer, fell 2.38% followed by Fin Services index and Bank Nifty index that fell 1.84% & 1.42% respectively. On the flip side, PSU Bank, Consumer Durables and Media index provided the needed supports to the bulls, gained 1.59%, 0.95% and 0.92% respectively.
Today, Markets will react positively to ceasefire announcement between India and Pakistan along with constructive discussions between China and US on possible trade deal. Technically, Nifty index is trading close to the lower band supports of congestion zone i.e. 23800-24600 range.
Derivatives Overview & Outlook
Last Friday, no significant change was seen in Nifty futures on open interest front, Finnifty futures added 1% of open interest as short buildup along with some long unwinding in Banknifty futures that shed 4.9% of open interest while Midcapnifty futures added 5.6% of Open interest as a long buildup.
Performance on the sectoral front was mix. Amongst them, Realty stocks witnessed maximum addition of short positions while majority of other indices down on long unwinding.
On option front, put writing along with some call addition was seen at multiple strikes. Maximum positions are at 24000 PE and 25000 CE followed by 24500 CE.
Institutional Trading Activity
Last week, FIIs bought stocks worth Rs 7387 Cr in the cash segment, bought index futures worth Rs 300 Cr also bought stocks futures worth Rs 3048 Cr. DIIs were net buyers in the cash segment to the tune of Rs 10451 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24300-24400; Supports 23900-23800
Banknifty – Resistances 54000-54400; Supports 53500-53200
Finnifty – Resistances 25800- 26000; Supports 25500-25400
F&O Security in Ban Today: CDSL, RBLBANK & MANAPPURAM
Important Results Today: AVADHSUGAR, BAJAJELEC, CARERATING, CHALET, GRSE, HAPPSTMNDS, PVRINOX, RAYMOND, SRF, TATASTEEL.
Disclosure
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