Adani Power Soars 7%; US Reduced Tariffs on China to 30% & More

Highlights

Indian markets posted their biggest single-day gains in nearly a year as India-Pakistan tensions eased and US-China trade talks progressed.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty ITNIFTY IT	+6.70%+2402.45	38282.55
Nifty RealtyNIFTY REALTY	+5.93%+48.85	872.60
Nifty MetalNIFTY METAL	+5.86%+493.70	8914.25

Top Losers

Company	Today’s Chg	LTP
Nifty FMCGNIFTY FMCG	+2.64%+1468.40	57101.40
Nifty Healthcare IndexNIFTY HEALTHCARE	+0.68%+92.70	13765.50
Nifty PharmaNIFTY PHARMA	+0.15%+30.95	21102.70

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Cera Sanitaryware Ltd.CERA	+13.42%+782.50	6614.50
Syrma SGS Technology Ltd.SYRMA	+13.22%+63.25	541.70
JBM Auto Ltd.JBMA	+11.44%+71.00	691.75
Rail Vikas Nigam Ltd.RVNL	+11.25%+36.35	359.45
Jupiter Wagons Ltd.JWL	+10.71%+35.80	370.10

Top Losers

Company	Today’s Chg	LTP
KPR Mill Ltd.KPRMILL	-9.53%-124.50	1181.75
Jyothy Labs Ltd.JYOTHYLAB	-4.34%-15.90	350.80
IndusInd Bank Ltd.INDUSINDBK	-3.63%-29.70	788.50
Navin Fluorine International Ltd.NAVINFLUOR	-3.53%-162.00	4433.10
Eris Lifesciences Ltd.ERIS	-3.51%-51.10	1404.90

*Prices shown may have delay up-to 15 minutes

INDIA VIX18.39 -14.98%

NIFTY MIDCAP 150₹20,331.50 +3.75%

NIFTY SMLCAP 250₹15,684.20 +4.00%

Put Call Ratio of Nifty 50 (expiry: 15th May) is 1.18

Stocks In the News

BAJAJELEC₹610.20 +15.15%

Bajaj Electricals shares rose on May 12 after posting strong Q4 results, with revenue rising 6% year-on-year to ₹1,265 crore, supported by improved performance across business segments.

LTIM₹4,940.40 +6.90%

LTIMindtree secured its biggest-ever $450 million, 7-year deal with a global agribusiness firm to deliver AI-powered IT, infrastructure, and cybersecurity services, boosting efficiency via platforms like SAP and Azure.

ADANIPOWER₹546.55 +6.75%

Adani Power has received a 25-year supply contract from Uttar Pradesh Power Corporation Ltd for 1,500 MW of power from a new 2x800MW thermal project in Uttar Pradesh.

KEC₹730.50 +5.13%

KEC International shares gained after the company announced fresh orders worth ₹1,034 crore across T&D (Transmission & Distribution), civil, and cable segments, including a semiconductor plant and a global STATCOM project.

India & The World

• The U.S. and China agreed to temporarily cut tariffs—the U.S. to 30%, China to 10%—for 90 days, easing trade war tensions and supporting global market stability.
• The U.S. dollar index surged over 1% to a four-week high, and 10-year Treasury yields rose to 4.45% as the U.S.-China tariff rollback boosted investor confidence.
• Sri Lanka’s foreign tourist arrivals rose 17.3% YoY in April 2025. However, arrivals dropped 23.9% from March due to seasonal trends.

Back to Basics

What is the Dollar Index?

The Dollar Index (DXY) measures the value of the U.S. dollar relative to a basket of six major global currencies: the euro, Japanese yen, British pound sterling, Canadian dollar, Swedish krona, and Swiss franc

If the DXY goes up, it means the U.S. dollar is strengthening compared to this basket of currencies; if it goes down, the dollar is weakening

Why does it matter?

A strong dollar can hurt emerging markets like India by:

• Depreciation of the Rupee
• Costlier Oil Imports
• Foreign Investor Outflows

For investors, a rising dollar can lead to increased pressure on Indian stocks and global markets.

Corporate Actions