Indian markets ended on a positive note on Friday despite several weak economic data pointing to slowing economic growth in the US and China, which upset the mood in Asian cues. The Sensex crossed its psychological level of over 62,000, while the Nifty 50 jumped above the 18,300 mark.
The Sensex closed at 62,027.90, up 123.38 points or 0.20%, while the Nifty 50 closed at 18,314.80, down 17.80 points or 0.1%.
In the broader market, during the latest session, large-cap stocks supported gains, while midcap and smallcap indices witnessed partial selling. In terms of sectoral indices, auto, banking and consumer durable stocks were the top gainers; While metals and oil and gas stocks remained under pressure.
Around 1,592 scrips advanced, while 1,924 scrips declined and the remaining 122 scrips were unchanged on May 12. Meanwhile, 159 scrips touched a new 52-week high and 31 scrips touched a new 1-year low.
As of May 12, the market capitalization of BSE-listed firms was around 277.71 lakh crores.
Here is the list of stocks which were most active in the trade on May 12:
Sensex:
Top gainers: M&M (+1.91%), IndusInd Bank (+1.81%), Axis Bank (+1.7%), HUL (+1.22%), and HDFC Bank (+0.84%).
Top losers: Power Grid (-2.78%), NTPC (-2.34%), UltraTech Cement (-1.7%), Tata Steel (-1.66%), and Nestle (-1.19%).
Nifty 50:
Top gainers: Eicher Motors (+5.86%), M&M (+1.90%), IndusInd Bank (+1.73%), Axis Bank (+1.68%), and HUL (+1.03%).
Top losers: Hindalco (-3.58%), BPCL (-2.79%), Power Grid (-2.60%), NTPC (-2.45%), and Tata Steel (-1.57%).
BSE:
Top Gainers: Intellect Design Arena (+14.02%), Supriya Lifesciences (+11.29%), Alcon Engineering (+10.75%), South Indian Bank (+8.28%), and Glenmark Pharma (+5.63%).
Top losers: Jindal Stainless (-6.32%), Greaves Cotton (-5.7%), Balrampur Chini Mills (-5.34%), Rail Vikas Nigam (-4.97%), Manappuram Finance (-4.81%).
NSE:
Top Gainers: DSP Mutual Fund – DSP Gold ETF (+16.87%), Onward Technologies (+16.43%), Intellect Design Arena (+14.07%), CL Educate (+13.08%), and Excel Realty N Infra (+12.50%) ) ).
Top losers: AKI India touched 10% lower circuit, BLISS GVS Pharma (-8.83%), Rane Holdings (-8.57%), Welspun Investments and Commercials (+8.28%), and DIC India (+8.15%) .
On the latest performance, Vinod Nair, head of research at Geojit Financial Services said, “Points to weak economic data from the US and China dampened Asian market mood pointing to slowing economic growth. Recession in the US escalated.” As US jobless claims rose to their highest level since October 2021, while producer prices rose at a modest pace.”
As a result, Nair said, “US Treasury yields reacted, indicating a possible pause in central bank rate hikes.” Domestic markets recovered in the second half as investors back home looked to Indian inflation data. Awaited issuance, which is expected to be less than 5%.”
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