Kolkata: Powered by the dual boosters of a suspension of hostilities between India and Pakistan and the progress of the tariff dialogue between the two largest economies of the world US and China, Indian stock market also opened celebratory fire, pumping up Sensex 30 and Nifty 50 jumped 3.74% and 3.82% respectively on Monday, My 12, 2025. All sectoral indices ended in the green.
With this sort of spectacular fireworks on Dalal Street, all eyes are on the Indian stock market on Tuesday, May 13. Will the markets open in the green to continue the rally from where they left on Monday, or will there be a tepid opening, or will a section of investors move to quickly pocket some gains and sell stocks?
Long bullish candles
Market experts pointed out that long bullish candles are seen in the charts and there might be a continuation of the investor sentiment seen on May 12. By the way, a long bullish candle signifies strong buying pressure. The shape conveys that the closing price is higher than the opening price of a stock and therefore, a bullish nature exists in the market. Technical analysts interpret these formations as an uptrend.
Some experts also pointed out that if Nifty 50 index sustains above 24,850, there is a distinct possibility that it could test 25,200 in the short term and 25,500–25,800 in the medium term.
GIFT Nifty trading lower
However GIFT Nifty was trading lower on Tuesday morning. Around 8:15 am, the chart was showing the index at 24,916, down 159 points. A lower trading of the GIFT Nifty usually indicates a potentially negative start Nifty 50 opens. GIFT Nifty is often regarded an early indicator of how the equity market is likely to perform.
On the other hand, predictably some of the major gainers on Monday included hotel and airline stocks. These surged up to 7% India-Pakistan ceasefire since it indicated travel restrictions will be lifted and people will be free to travel. Some of the stocks to rise dramatically were IndiGo, Indian Hotels etc. A stock to rise big time was Birla Corporation (20% to hit the upper circuit). Stocks of fertiliser, FMCG and two-wheeler firms surged by about 8%. The trigger: India Meteorological Department’s announcement that this year southwest monsoon could arrive earlier than usual this year.
Global markets positive
The global cues appear positive to boost investor sentiments. On Monday, S&P 500 rose 3.26% while Nasdaq surged 4.35. Only Dow Jones declined a marginal 0.14%. The FTSE, CAC and DAX all ended in the green. On Tuesday morning, Nikkei, Kospi, Shanghai Composite, Hang Seng and Straits Times were trading in the green.
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Sensex 30 and Nifty 50 both performed Bob Beamon-like jumps on Monday, May 12. While Sensex rocketed 2,975.43 points, or 3.74%, to close the trading at 82,429.90 points, Nifty 50 rose even higher or 3.82%, or 916.70 points to end the session at 24,924.70. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
