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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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