The Indian stock market displayed a mixed performance in early trading today. The BSE Sensex started on a choppy note, while the Nifty 50 managed to hold above the 24,950 level. This comes after a strong rally on Monday, spurred by factors such as a ceasefire agreement between India and Pakistan and optimism surrounding US-China trade relations.
Market Performance:
- Sensex: After a surge of 2,975.43 points (3.74%) to close at 82,429.90 on Monday, the Sensex showed initial signs of volatility today.
- Nifty 50: The Nifty 50 settled 916.70 points higher on Monday, a 3.82% increase, closing at 24,924.70. It is currently holding above 24,950.
- Broader Markets: The Nifty Midcap 100 and Nifty Smallcap 100 indices are trading higher, gaining 0.17% and 0.22% respectively.
Top Gainers & Losers:
- On the Sensex, only a handful of stocks were trading in the green, including Sun Pharma (up 2.17%), IndusInd Bank, Bajaj Finance, and Tata Steel.
- The top losers on the Sensex included Infosys (down 2.23%), Eternal, Kotak Mahindra Bank, Power Grid Corp, and TCS.
- On the Nifty 50, Dr. Reddy's (up 2.38%), Sun Pharma, BEL, Apollo Hospital, and IndusInd Bank were the top gainers, while Infosys (down 2.69%), Hindalco Industries, Power Grid Corp, Eternal, and Kotak Mahindra Bank were among the biggest decliners.
Sectoral Performance:
- The Pharma index was the top-performing sectoral index, surging 2.29%, followed by Healthcare (up 1.92%) and the PSU Bank index (up 1.27%).
- The IT index was the biggest drag, falling 1.07%, followed by Financial Services (down 0.55%) and Bank (down 0.33%).
Market Sentiment and Outlook:
- Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd., suggested a "buy-on-dips" strategy for Nifty 50, contingent on the index sustaining above 24,850, with potential targets of 25,200 in the short term and 25,500 – 25,800 in the medium term.
- VLA Ambala, Co-Founder of Stock Market Today, noted potential support for Nifty 50 at 24,820 and resistance near 25,120 and 25,280, also advising a "buy-on-dips" approach.
Swiggy's Performance:
- Swiggy's share price has seen some movement. On May 12, 2025, the share price on NSE and BSE was ₹320.3.
- Today, Swiggy opened at ₹319.40, with a previous close at ₹313.10. It hit a high of ₹325.00 and a low of ₹306.25 during the trading session. The average traded price today is ₹317.29.
- However, another source states Swiggy fell 7% [STUB].
- Over the past week, Swiggy's investment returns have been -6.88%. In the past year, they have been -29.76%.
Additional Factors:
- Foreign Institutional Investors (FIIs) net bought Indian equities worth Rs 1,246.48 crore on May 12, while Domestic Institutional Investors (DIIs) net bought shares worth Rs 1,448.37 crore.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
