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Five NSE F&O stocks, Kaynes Technology, Vedanta, Indian Hotels, Wipro and KPIT Technologies, recorded sharp futures open interest gains on May 12, signalling heightened trader participation, fresh positions and derivatives market activity.
On May 12, five Nifty500 stocks closed more than 2.5% below their VWAP levels, signalling rising bearish pressure. A close below the volume-weighted average price indicates stocks ended the session weaker than their average traded price, reflecting heightened selling activity, weakening intraday sentiment, and possible short-term downside across select counters.
Three stocks from the Nifty500 universe appeared in the RSI Trending Up scan on May 12 after witnessing improving momentum. The RSI indicator crossed above 50 from lower levels, signalling strengthening price action, positive sentiment, and potential short-term buying opportunities for traders tracking bullish technical setups and momentum-driven market trends across sectors.
Oil prices dipped after a three-day climb as investors monitored the fragile Iran ceasefire and an upcoming U.S.-China summit. The Strait of Hormuz remains effectively shut, impacting global supply and raising inflation concerns, with analysts warning of further price surges if disruptions persist.
US venture capital fund Silicon Road Ventures has partnered with former Bank of America India MD Ajay Mahajan to launch a Rs 150-crore alternative investment fund. This fund will invest in early-stage startups developing Agentic AI solutions for B2B commerce technology, focusing on areas like supply chain and fintech.
Pine Labs shares are in focus today. A significant number of shares, valued at over Rs 17,372 crore, are now available for trading. This follows the expiry of a six-month lock-in period. The company's stock has seen a decline since its market debut. Pine Labs is set to announce its earnings for the January-March quarter soon.
Global markets felt the heat as a surprising U.S. inflation surge boosted Treasury yields, weakening the euro and sterling. Rising oil prices, fueled by Middle East tensions, further dampened investor sentiment. The U.S. dollar index held firm, reflecting a cautious risk appetite as equity markets lacked upward momentum. Meanwhile, the yen saw stability after intervention speculation.
Petrol and diesel prices remained largely unchanged across major Indian cities on 13 May, even as concerns over energy security continue to grow amid the escalating conflict in West Asia.
Gold prices remained stable in early Asian trade. Investors are awaiting a key U.S.-China summit in Beijing. Developments in the Middle East conflict are also being closely watched. U.S. President Donald Trump commented on the Iran war. Oil prices saw a dip. U.S. consumer inflation increased. India has raised import tariffs on gold and silver.
Indian markets extended losses for the fourth consecutive session amid escalating US-Iran tensions and global market nervousness. Investors remained risk-averse, leading to sustained selling. Market sentiment is expected to stay fragile until geopolitical clarity emerges and energy prices stabilize.
