Labour Day 2025: Top 5 Places In India That Played
May 12, 2025
GIFT Nifty indicates a sharp gain of ~500 points, suggesting a positive opening for Indian markets.
India-Pakistan ceasefire announced Saturday.
US-China “substantial progress” in Geneva trade talks.
Nifty closed above 24,000 on Friday, despite border tensions.
Upside targets: 24,589 & 24,857
Support: 20-DMA at 23,908
Bank Nifty resistance: 54,937 | Support: 53,447
Cash market: Net sold ?3,798.71 Cr
Index Futures: Added 15k net shorts
DIIs (Domestic Institutional Investors): Net buy of ?7,277.74 Cr
Yes Bank: In focus after Sumitomo Mitsui acquired 20% stake
Defence Stocks: ideaForge, Zen Tech, Bharat Dynamics, Mazagon Dock
Tata Steel: Earnings due today
Others reacting to results: Swiggy, Dr. Reddy’s, Manappuram, Birla Corp
US Futures & Asian Markets: Higher on trade optimism
Dollar Index (DXY): Above 100
Gold Prices: Dropping
Oil Prices: Rising
India-Pakistan ceasefire calms regional tension
US-China trade deal in progress; more clarity expected today
Russia-Ukraine: Potential peace meeting in Turkey on Thursday
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