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EQUITY
Post Session: Quick Review
May-12-2026

Indian equity benchmarks extended their losses for the fourth consecutive session on Tuesday, with both the Sensex and Nifty ending sharply lower, amid broad-based selling in IT, auto, and banking stocks. Markets made a gap-down opening and remained under intense selling pressure throughout the session, as traders stayed cautious due to escalating geopolitical tensions and rising crude oil prices after US President Donald Trump reportedly rejected Iran's counteroffer to end the war as unacceptable.

Some of the important factors in trade:

Unabated foreign fund outflows: Traders were cautious as Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,437.56 crore on Monday, according to exchange data. 

Moody’s sees slower growth for India at 6% in 2026: Sentiments remained downbeat as Moody's Ratings slashed India's GDP growth forecast for year 2026 by 0.8 percentage points to 6 per cent on subdued private consumption, capital formation, and industrial activity amid higher energy costs.

Unemployment rate in urban India declines to 6.6% in January-March 2026: Traders overlooked a government survey released showed unemployment rate in cities declined marginally to 6.6 per cent in March quarter from 6.7 per cent in October-December 2025.

On the global front: European markets were trading in red after data showed German inflation rose for the second consecutive month, driven by higher energy prices amid the Iran war. Asian markets closed mostly in red after Japan's household spending declined for the fourth consecutive month in March despite rising wages. 

The BSE Sensex ended at 74559.24, down by 1456.04 points or 1.92% after trading in a range of 74449.50 and 75741.96. There were 3 stocks advancing against 27 stocks declining on the index. (Provisional)

The top losing sectoral indices on the BSE were Realty down by 4.22%, IT down by 3.67%, Consumer Durables down by 3.35%, Industrials down by 3.00% and Utilities down by 2.94%, while there were no gaining sectoral indices on the BSE. (Provisional)

The few gainers on the Sensex were NTPC up by 0.34%, SBI up by 0.31% and Bharti Airtel up by 0.19%. On the flip side, Tech Mahindra down by 4.40%, Adani Ports and Special Economic Zone down by 4.02%, HCL Technologies down by 4.01%, TCS down by 3.67% and Titan Company down by 3.53% were the top losers. (Provisional)

Meanwhile, ratings agency - Crisil has projected that India’s real gross domestic product (GDP) growth to slow to 6.6% in fiscal year 2026-27 (FY27), down from 7.6% in FY26, citing high crude and commodity prices, weaker global growth, and a below-normal monsoon. CPI inflation is projected to rise to 5.1%, up from 2.0% last year. Crisil warned that a prolonged closure of the Strait of Hormuz may keep oil prices high. It reviewed the Brent crude forecast to $90-95 per barrel, from $82-87 previously.

It cautioned that higher crude and gas prices, coupled with global supply chain disruptions, will strain the country’s growth. The manufacturing sector, heavily dependent on imports, is particularly vulnerable. Exports will be adversely impacted by weaker global demand and trade disruptions. It highlighted that a below-normal monsoon, worsened by El Nino, could hit agriculture and the rural economy, with kharif and rabi crop output at risk. The India Meteorological Department forecasts rainfall at 92% of the long-period average.

It further said that rising inflation from higher commodity prices and disrupted agriculture will strain household budgets and restrain consumption. Business investment may slow amid uncertainty from the West Asia conflict, which has already caused the largest energy shock on record and disrupted trade and supply chains. However, it noted that growth will be supported by fiscal measures, including the Centre’s capital expenditure push, GST rate rationalisation, and unconditional cash transfers by states.

The CNX Nifty ended at 23379.55, down by 436.30 points or 1.83% after trading in a range of 23348.40 and 23757.55. There were 3 stocks advancing against 47 stocks declining on the index. (Provisional) 

The few gainers on Nifty were ONGC up by 4.80%, Hindalco up by 1.75% and SBI up by 0.26%. On the flip side, Shriram Finance down by 4.35%, Adani Ports and Special Economic Zone down by 4.32%, Tech Mahindra down by 4.21%, JIO Financial Services down by 4.10% and HCL Technologies down by 3.98% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 310.28 points or 1.27% to 24,040.00, France’s CAC fell 54.18 points or 0.67% to 8,002.20 and UK’s FTSE 100 decreased 60.84 points or 0.59% to 10,208.59.

Asian markets settled mixed on Tuesday as a recent tech-led rally lost steam and Brent crude surged above $107 per barrel amid heightened tensions in West Asia. US President Donald Trump said the ceasefire with Iran was at its weakest and on massive life support, a day after he rejected Tehran’s proposal to end the months-long war as totally unacceptable. Reports indicated that the Trump administration is considering renewed military action against Iran as negotiations remain deadlocked and tensions continue to rise over the closure of the Strait of Hormuz. Investors also awaited cues from the release of US CPI data for April and a crucial meeting between US President Donald Trump and his counterpart Xi Jinping in Beijing from May 13-15. Japanese shares gained tracking Wall Street’s gains overnight and as investors shrugged off data that showed Japanese household spending fell more than expected in March from a year earlier. Meanwhile, Seoul shares ended sharply down due to profit taking after a record-breaking run.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,214.49

-10.53

-0.25

Hang Seng

26,347.91

-58.93

-0.22

Jakarta Composite

6,858.90

-46.72

-0.68

KLSE Composite

1,750.56

5.25

0.30

Nikkei 225

62,742.57

324.69

0.52

Straits Times

4,946.00

3.23

0.07

KOSPI Composite

7,643.15

-179.09

-2.29

Taiwan Weighted

41,898.32

108.26

0.26
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