POST-MARKET SUMMARY 12th May 2025

On May 12, Indian equity markets saw a record rally, posting their best-ever intraday gains since February 2021. This surge was driven by a broad risk-on trade, sparked by a truce between India and Pakistan and further supported by positive developments in US-China trade talks. The tariff reductions between the US and China, along with the forecast of an early monsoon onset in Kerala, boosted investor sentiment. Read more: War & Markets: A Look at India's Strategic Response & Economic Impact

 All sectoral indices ended in the green, with realty, power, IT and energy sectors rising by 4-6%, while auto, banking, capital goods, FMCG, oil & gas, telecom and media saw gains between 2-3.8%.

NIFTY:  The index opened 412 points higher at 24,420 and made a high of 24,944 before closing at 24,924. Nifty has formed a bullish Marubozu candlestick pattern on the daily chart. Its immediate resistance level is now placed at 25,000 while its immediate support is at 24,850.

BANK NIFTY: The index opened 1,063 points higher at 54,658 and closed at 55,382. Bank Nifty has formed a bullish Marubozu candlestick pattern on the daily chart. Its immediate resistance level is now placed around 55,700 while immediate support is around 55,100.

Stocks in Spotlight

▪  Birla Corporation: Stock hit the 20% upper circuit following a strong earnings report for the March quarter. The company reported a 33% YoY increase in net profit and proposed a Rs 10/share dividend for FY25.

▪  Pidilite Industries: Stock jumped over 3% after the company reported a 41% increase in Q4 net profit, reaching Rs 427.5 crore, while operating revenue climbed 8% YoY to Rs 3,141 crore.

▪  Dr. Reddy's Lab: Stock advanced more than 3% after the pharma company’s Q4 profit jumped 22% to Rs 1,594 crore, while the margin expanded significantly to 29.1% from 24% in the year-ago quarter.

 Global News

▪  Asian markets saw a strong rally on Monday, marking their eighth consecutive session of gains. The positive momentum was fuelled by the announcement of a significant tariff rollback between the US and China.

▪  Gold prices dropped nearly 3% on Monday, reaching their lowest point in nearly a month. The decline occurred as traders shifted away from safe-haven buying following the US-China trade deal.

▪  Oil prices climbed over 3% in Asian trading on Monday, reaching fresh intraday highs. Brent crude rose as high as $66.30 a barrel, while US West Texas Intermediate (WTI) hit $63.41.

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