First Trade: Nifty gains over 500 points to 24,500 post India-Pak ceasefire; Tata Steel up 3%

Indian equities amid India-Pakistan ceasefire and other positive global cues, including the US-China trade deal, opened sharply higher in Monday’s trade (May 12, 2025). At the opening bell, the BSE Sensex was higher by 1,511.33 points, or 1.90 per cent, at 80,965.80, and the Nifty50 was at 24,514.90, ahead by 506.90 points, or 2.11 per cent.

Foreign Institutional Investors (FIIs) net sold Indian equities worth Rs 3,798.71 crore on May 9, and domestic institutional investors (DIIs) net bought equities worth Rs 7,277.74 crore on Friday.

From within the 

Stocks in news today

Dixon Technologies: Dixon Technologies subsidiary Padget Electronics has signed a deal with NxtCell India to manufacture smartphones for French brand Alcatel.

Protean eGov: At Protean eGov, Jayesh Sule has stepped down from the post of Director and CEO.

Jana Small Finance Bank has been slapped with a penalty of Rs 1 crore by the RBI over alleged violation of certain banking rules. In a separate development, the lender has issued more than 5.0 per cent of compulsorily convertible preference shares (CCPS).

Tata Steel: Tata Steel shares will be in focus ahead of its earnings later today.

ALSO READ: Tata Steel Q4 Results Preview: Nifty50 Tata group company to likely post healthy Q4 performance-Check date and other estimates

Asian markets

Asian markets on early Monday (May 12, 2025) buoyed by positive developments on the Indo-Pakistan front together with progress in the US-China trade talks. At the last count, the MSCI Asia Pacific ex Japan index traded with significant gains of 0.6 per cent.