Market Opening Bell: SENSEX zooms 1,900 pts, NIFTY50 soars over 2% on easing geopolitical tensions; Adani Enterprises jumps 6%

The Indian stock market opened with sharp gains on Monday, May 12, on the back of easing tensions between India and Pakistan. Both the equity benchmark indices soared over 2% during the opening bell.

The broader market jumped over 3% in the early session. Nifty Midcap 100 opened 3.09% higher at the 54,869.90 mark, while the Nifty Smallcap 100 index was trading at the 16,631.40 level, jumping 3.39%.

Except for Nifty Pharma (-1.79%), all the other sectoral gauges were trading in the green. Nifty Realty (4.67%), Nifty Metal (3.51%) and Nifty PSU Bank (3.01%) were the top winning sectors in the early session.

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.

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

On the global front, US and China’s trade talk made investors a little confident. Asian markets were mostly trading in green on Monday morning.

Hong Kong's Hang Seng was trading up 0.76% to 23,041.78, while the Shanghai Composite also advanced 0.39% to the 3,355.11 level. South Korea’s Kospi was trading at 2,590.02, rising 0.49%. Japan’s Nikkei 225 was the only one trading in red at 37,451.69, falling 0.14%.

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.

As many as 2,444 stocks traded on the NSE during the early session, among which 2,246 stocks were trading in the green, only 149 in the red and 49 shares remained unchanged.

This indicated that the market breadth was in favour of positive.

Meanwhile, only 25 stocks hit their one-year highs in the early trade, while 10 stocks touched their 52-week lows.

Further, 17 stocks hit their lower circuits, while 137 hit their upper circuits.

India VIX, the volatility gauge, was trading 18.13% lower at 17.71 levels.

As many as 47 stocks advanced in the opening session on Monday on the Nifty50 index, and only 3 were in the negative zone.

Adani Enterprises (5.98%) was the most contributing stock on the 50-share index, followed by Jio Financial Services (5.03%), Adani Ports (4.53%), Shriram Finance (3.96%) and Axis Bank (3.94%).

Sun Pharma (-5.5%), Cipla (-1.06%) and Dr Reddy’s (-0.07%) were the only losing scrips on the index.

The company will now sign a long-term power supply agreement with Uttar Pradesh Power Corporation Ltd (UPPCL) under the Letter of Award (LoA) received today, it stated.

After opening 4.53% higher, the stock was trading at ₹1,352.20 per share on NSE, climbing 3.51%. It was one of the top contributors on NIFTY50 index.

Trump said that the prices of prescription drugs in the US are very high and that he would sign an executive order today that would reduce the prices of medicines immediately, by 30% to 80%.

At the time of writing this news, YES Bank shares were trading 3.15% higher at ₹20.65 apiece on the NSE. SBI stock was trading at ₹800.35, up 2.71% on the NSE.