Market Wrap, May 12: D-Street sees blockbuster session; NIFTY50 soars nearly 4%, SENSEX ends above 82K mark; broader market settles with 4% gains

The Indian stock market zoomed nearly 4% on Monday, May 12, as investors were relieved as geopolitical tensions eased between India and Pakistan.

India and Pakistan on Saturday, May 10, reached an understanding to stop all firings and military actions on land, air, and sea, with immediate effect.

The market sentiment was also boosted after the US and China decided to roll back most of their recent tariffs and call a 90-day pause to keep talking to resolve their trade disputes.

This was the biggest single day for the markets in four years. Sensex had previously posted its biggest single-day gain of 2,507.45 points and Nifty by 733.20 points on June 3, 2024.

The broader market also made a stellar performance, with both midcap and smallcap indices ending with 4% gains each.

On the global front, all the Asian markets closed in the green on Monday.

Hong Kong's Hang Seng ended 2.89% higher at 23,549.46, while the Shanghai Composite also advanced 0.81% to the 3,369.24 level. South Korea’s Kospi closed at 2,607.33, surging 1.15%. Japan’s Nikkei 225 gained 0.37% to settle at the 37,644.26 level.

The US market closed in red on Friday, with minor losses on the benchmark Dow Jones, S&P 500, and NASDAQ. The post-market developments of the trade deal with the UK, followed by a step forward in trade talks with China, bolstered the investor sentiments on Monday morning.

The Dow Jones Industrial Average lost 119.07 points, or 0.29%, to 41,249.38, and the S&P 500 slipped 4.03 points, or 0.07%, to 5,659.91, while the Nasdaq Composite rose 0.78 points, or was flat, to 17,928.92.

On account of Buddha Purnima, the foreign exchange market will remain closed on Monday.

Meanwhile, the foreign investors continued to show interest in the equity market, infusing ₹14,167 crore so far this month, driven by favourable global cues and robust domestic fundamentals. The latest flow has helped narrow the outflow to ₹98,184 crore in 2025 so far.

As many as 3,010 stocks traded on the NSE on Monday. Out of this, 2,614 advanced, and only 329 stocks declined, while 67 scrips remained unchanged.

A total of 47 stocks hit their 52-week highs, while 24 stocks touched their one-year lows. Besides, 322 stocks hit their upper circuit limits, and 35 touched their lower circuit bands on Monday.

NSE-listed firms' market capitalisation stood at ₹430.36 lakh crore at the end of the session.

The market capitalisation of BSE-listed companies surged by ₹16.16 lakh crore to ₹432.56 lakh crore from ₹416.40 lakh crore logged on Friday, May 9.

The volatility index India VIX declined 14.97% to 18.39 levels.

Broader market

The Nifty Midcap 100 index jumped 4.14% to 55,416.05 levels, while the Nifty Smallcap 100 gauge settled at 16,767.30 levels, gaining 4.24%.

Sectoral update

All the sectors on the NIFTY50 index closed in green, with Nifty IT (6.7%) being the top gainer. Nifty Realty (5.93%), Nifty Metal (5.86%), Nifty Auto (3.41%) and Nifty PSU Bank (3.27%) were the other winners among the sectors.

As many as 48 stocks closed with gains on the NIFTY50 index, while 2 declined on Monday.

Adani Enterprises (7.73%), Infosys (7.69%), Shriram Finance (7.16%), Trent (6.79%) and Wipro (5.99%) were the top five most contributing stocks on the 50-share index.

IndusInd Bank and Cipla were the only losers, declining 3.45% and 3.15%, respectively.