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Banks, including SBI and HDFC Bank are expected to earn between ₹330 crore and ₹9,000 crore by selling their stakes in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC).

William Lee, Chief Economist and Executive Director at The Milken Institute, said he felt a great sense of relief seeing two nuclear-armed nations step back from the edge of conflict and return to a more rational stance, calling it a positive development.

“One thing I don’t want to see and no one wants to see, is the India-Pakistan conflict be another test case like Spain was in the 1930s experiments for different weapon systems and the proxies for the large superpowers like China, Russia and the United States and Western Europe. The fact that the huge amount of violence has suddenly come to a stop is a great sign of sanity coming back into the market, had a huge sigh of relief. So of all the geopolitical tensions I can think of, this one, because we have two huge nuclear powers involved, is to me, one of the most dangerous,” he said.

A large trade took place in Tanla Platforms as 18.62 lakh shares, valued at ₹88 crore, were exchanged through a block deal.

The Hang Seng China Enterprises Index gained as much as 1.5%, while the CSI 300 Index rose as much as 0.6% during early trading on Monday.

Both indices are close to recouping their losses since US President Donald Trump’s ‘Liberation Day’ announcement of tariffs on April 2.

#StocksToWatch : Here’s a list of stocks in focus going into trade today ???? pic.twitter.com/ge66e0zjkv

— CNBC-TV18 (@CNBCTV18Live) May 12, 2025

Indian pharmaceutical companies are likely to be in the spotlight again on Monday, May 12, following a recent post by US President Donald Trump on his social media platform, “Truth Social.”#CNBCTV18Market | Here’s how the global market cues are placed this morning???? pic.twitter.com/m0WGId0eAV

— CNBC-TV18 (@CNBCTV18Live) May 12, 2025

Goldman Sachs on Pidilite: Target price at ₹3,475/sh, strong double-digit volume growth despite a muted environment. B2B growth is likely to remain strong over the next 2–3 years.

As markets look to regain some normalcy after the stoppage of hostilities, here are some of the companies that are slated to announce their results.

PVR INOX, SRF, Tata Steel, UPL, Jyothy Labs, Garden Reach Shipbuilders & Engineers, Ather Energy, Happiest Minds Technologies, Raymond, and Bajaj Electricals will be reporting their earnings for the January-March period on Monday, May 12.

Here’s why Thermax is in focus: Thermax, an energy and environment solutions provider, reported an 8.1% rise in its fourth-quarter net profit to ₹205.7 crore, compared to ₹190.33 crore in Q4FY24. However, this result was below expectations, as the CNBC-TV18 poll had estimated a profit of ₹227.84 crore. Revenue for the quarter grew 11.6% year-on-year to ₹3,085 crore, missing the forecast of ₹3,159.6 crore.

Foreign investors were net sellers in the cash market on Friday, whereas domestic investors were net buyers.

Shares of food delivery aggregator Swiggy Ltd. will be reacting to their March quarter results on Monday, May 12, after its net loss widened from the same period last year. Despite this, the majority of the analysts who had coverage on the stock continued to maintain their optimism.

The shares of Swiggy have declined by over 8% in the past month.

Results to watch out for today: PVR INOX, SRF, Tata Steel, UPL, Jyothy Labs, Ather Energy, Happiest Minds Technologies, Raymond, Bajaj Electricals, and Zaggle Prepaid Ocean Services.

Dr Reddy’s Laboratories‘ net profit rose 22% in Q4FY25 to ₹1,594 crore, up from ₹1,307 crore a year ago, beating CNBC-TV18’s estimate of ₹1,491.6 crore. Revenue also grew 8.6% year-on-year to ₹8,506 crore, above last year’s ₹7,830 crore and the expected ₹8,404.7 crore.

Here’s why Adani Power is in the spotlight: The company has won a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a tariff of ₹5.383 per unit, making it the lowest bidder in a competitive process. The power will come from a new ultra-supercritical thermal power plant with two 800 MW units (1,500 MW total) that Adani Power will build and operate in the state under the DBFOO model (Design, Build, Finance, Own, and Operate).

Here is why Yes Bank is in focus | Sumitomo Mitsui Banking Corporation (SMBC) is set to buy a 20% stake in a Mumbai-based private bank from the State Bank of India (SBI) and a group of other lenders who helped save the bank in 2020. SMBC will purchase 13.19% from SBI and the remaining 6.81% from lenders like Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank.

The shares of Dr Reddy’s Laboratories will be in focus on Monday. The company reported its March quarter results on Friday, May 9. The company managed to beat analyst expectations on all parameters.

Dr Reddy’s Laboratories’ net profit for the fourth quarter rose 22% year-on-year to ₹1,594 crore, compared to ₹1,307 crore in the same quarter a year ago. The figure was also higher than CNBC-TV18 poll expectations of ₹1,491.6 crore.

India’s GIFT Nifty, which serves as an early signal for market openings, is pointing to a gap-up start for the benchmark indices Sensex and Nifty 50.

here…

– CE Info Systems Ltd, which operates under the MapmyIndia brand name, will be in focus on Monday. On Friday (May 9) the company reported a 28.2% year-on-year (YoY) surge in net profit at ₹48.6 crore for the fourth quarter that ended March 31, 2025.

The implied open is currently suggesting a 500-point gap up after India and Pakistan agreed on Saturday evening to pause military action, developments that had kept equity markets on the edge all through last week.

Based on the implied open, the Nifty is likely to open around levels of 24,600.

Break Out for Bulls today?

Nifty consolidated between 23,800-24,600 for 14 sessions

FII action On Friday

In Cash Market: Sold ₹3799 cr

On Index Futures: Added 15k Net Shorts

FII on Stock Futures On Friday

Longs -44,351

Shorts -28,749

Client Positoning on Index Futures (in contracts)

08-May-25 -34,582

09-May-25 -20,490

Index To watch today: Nifty bank!

Can plot with 20 DMA

Most encouraging data point on Friday: Intraday of Midcap Index!

Stocks to track

1. Result Reaction: Birla Corp

2. Trading action: Supreme petro with 200 DMA

The shares of Yes Bank will be in focus today, after Japanese financial institution Sumitomo Mitsui Banking Corporation acquired a 20% stake from State Bank of India Ltd. and a consortium of lenders, who had rescued the bank back in 2020.

GIFT Nifty is sharply higher, indicating a positive start for Nifty with a gain of nearly 500 points on the India-Pakistan ceasefire & positive global cues.#CNBCTV18Market | #GIFTNifty is sharply higher, indicates start for #Nifty with a gain of nearly 500 points on India-Pak ceasefire & positive global cues#Stocksmarket #Nifty #Sensex pic.twitter.com/3oOgHuthCV

— CNBC-TV18 (@CNBCTV18Live) May 12, 2025

TRADE SET UP

INDIA-PAKISTAN

Two nights of relative calm after agreement on Saturday

India agrees to pause strikes as ‘main objectives had already been achieved.’

India will engage with Pakistan only at DGMO level

India warns of a fierce & punitive response to any future Pakistani violations

US-CHINA TRADE TALKS

White House statement: “U.S. Announces China Trade Deal in Geneva”

No details provided, Bessent promises complete briefing on Monday

China’s Vice Premier He says they agreed to create a mechanism for further talks

Bessent: ‘Substantial progress’ made at this weekend’s trade talks

RUSSIA-UKRAINE – MEETING THIS WEEK

Trump pushes Ukraine to meet with Russia on Thursday

Zelenskyy: “I will be in Turkey on Thursday & I expect Putin to come”

MARKETS FROM HERE

Nifty upside level to take out is 24,589 & 24,857

Nifty support at 20-day MA at 23,908

Bank Nifty upside level to take out is 54,937

Bank Nifty support comes in at 53,447

Monday Cues: Geo-Politics & Trade Deals in Focus

Asian markets & US futures gain on positive indications coming from China-US trade talks

Trump on Talks with China: ‘Very good’ talks negotiated in a ‘friendly & constructive’ manner

Scott Bessent: US-China have made “substantial” progress in trade talks

Chinese officials: ‘Important consensus’ has been reached

Dollar gains on trade optimism; DXY above 100

Trump to sign executive order reducing US medicine prices by 30-80% – Reuters

US drug prices to be cut to the same level as those paid by other developed countries

Trump heads to the Middle East for a tour covering Saudi Arabia, UAE, Qatar

Zelensky & Putin to meet in Istanbul to discuss the end of hostilities

Escalating India-Pak tensions lead to FPI selling in both cash & F&O segments on Friday

FII Net Sell ₹3,798.71 Cr in Cash

DII Net Buy ₹7,277.74 Cr in Cash

Ceasefire and stoppage of hostilities are likely to lead to positive trade sentiment

Yes Bank: Sumitomo Mitsui Banking Corp to buy 20% stake in bank; 13.1% from SBI

ABB, Thermax results miss estimates; Tata Steel in focus today

Defence stocks will continue to remain in focus this week after the latest developments on the border between India and Pakistan.

Drone manufacturing companies like ideaForge and Zen Technologies surged up to 20% on Friday, while other stocks like Bharat Dynamics, Mazagon Dock, also saw healthy gains.

In what was a fairly resilient performance from the stock market, despite escalating tensions between India and Pakistan on the border, the Nifty fell only 1.5% last week and held on to the 24,000 level on the downside.

The broader markets saw sharper swings on either side compared to the benchmarks but also clawed back most of their losses. The Nifty Midcap index fell 0.9% last week, while the Smallcap index ended 2.2% lower for the week.

On Saturday evening, India and Pakistan announced a halt to military actions, developments that had kept stock markets on the edge all of last week.

Briefing by officials from the Indian armed forces on Sunday evening highlighted that all Indian pilots are back home safe and that the call to initiate the stoppage of military action came from Pakistan’s side.

The first tick on the GIFT Nifty will take place at 6:30 IST.

Good Morning!

Welcome to CNBC-TV18’s live coverage of all the happenings on Dalal Street and India’s equity markets.

Indian equities are set to react to multiple global developments over the weekend, including a halt to military action between India and Pakistan, along with US-and China making substantial progress in trade talks.

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