Stock Market Live Update: Reliance Power Gets Largest Allocation Of Solar Power Generation Capacity From BESS

  • Reliance Power Ltd. received the largest allocation of 350 megawatt of solar generation capacity with 175 MW/700 MW of BESS

Alert: BESS Stands For Battery Energy Storage System

Source: Exchange Filing

Stock Market Today: Nifty, Sensex Rise Over 1% At Pre-Open

At pre-open, the NSE Nifty 50 was 1.72% or 412.10 points higher at 24,420.10, and the BSE Sensex was 1.71% or 1,349.33 points higher at 80,803.80.

Stock Market Live Update: Mankind Pharma Gets Rs 91-Crore Demand From IT Department

The pharmaceutical company received IT department’s demand worth Rs 91 crore, including interest, for assessment year 2023-24

SEBI Looks To Finalise Its Approach On F&O Trade Regulations In Q1

  • SEBI to look at trade volumes till June 2025 to decide

  • SEBI has already analysed data between October 2024 and March 2025

  • Regulator feels the trading activity was impacted by curbs, but also by market volatility

  • F&O trading volumes still the highest in India

SEBI Is Likely To Relax Its Proposed Restrictions On Index Options.

  • Net end-of-day limit: Rs.1,500 crore (up from Rs.500 crore earlier)

  • Gross limit (each side): Rs.10,000 crore (up from Rs.1,500 crore)

  • Intraday trading in index options may be exempt from any cap.

  • Exchanges and SEBI will monitor intraday positions four times a day.

Source: People In The Know

Stock Market Live Update: MS On Bank of India

  • Maintain Underweight with a target price of Rs 100

  • Both asset quality and margin miss estimates

  • RoA was 1% but >50% of that was driven by trading gains and recoveries from written off accounts

  • Expect RoA to moderate materially over the next few years

  • Bank of India is most exposed amongst SoE banks

Stock Market Today: BofA on Dr. Reddy’s Laboratories

  • Maintain Buy with a target price of Rs 1,450

  • Broad based growth supporting margins

  • Growth engine at work for post gRevlimid earnings

  • Reiterated confidence on 25% margins post gRevlimid

  • Tariff risk – focus on supply continuity

Oil Prices Extended Gains As Demand Outlook Improves Amid Positive US-China Trade Talks 

Oil future prices extended gains to a third day as the commodity’s demand outlook improved after both the US and China indicated a positive progress in trade talks.

US and China are one of the top consumers and exporters of crude oil. In recent past, a tariff war between two largest economies increased fears of economic downturn.

The brent future was trading 0.30% higher at $64.10 a barrel as of 8:04 a.m.

Asia Market Update: Share Indices Rise As US & China Indicates Progress On Trade Talks 

Markets across Asia-Pacific region advanced Monday as US and China indicated a positive progress on trade talks after their discussion in Switzerland. US Treasury Secretary and China Vice Premier Hi Lifeng said there was a substantial progress on trade talks between the two countries. This increases hope for the two countries to reach a deal soon.

The Nikkei 225 and CSI 300 were trading 0.23% and 0.82% higher as of 7:50 a.m.

US Market Update: End Mixed As Investors Monitor US-China Trade Talks 

US share indices ended on a mixed note Friday as traders waited for US and China to begin their trade talks. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met China’s Vice Premier Hi Lifeng in Switzerland in the weekend. This is likely one of the first round of talks between two largest economies’ officials on trade relations.

On Friday, the Dow Jones Industrial Average and S&P 500 ended 0.29% and 0.07% down, respectively. Nasdaq Composite ended flat.

Gift Nifty Implies Higher Open As India-Pakistan Tension Eases; BEML, Dr. Reddy’s In Focus

The GIFT Nifty was trading 1.96% or 472.50 points higher at 24,554.50 as of 7:07 a.m., which indicated a higher open for Nifty 50. Traders will likely find relief as India and Pakistan agreed to ceasefire over the weekend. However, there were news of ceasefire violation from Pakistan side, which will likely keep the tension between India and Pakistan dormant for now.

Traders will monitor Dr. Reddy’s Laboratories Ltd., BEML Ltd., Manappuram Finance Ltd., Thermax India Ltd., share prices in Monday’s session.

The benchmark equity index snapped its three-week gaining streak on Friday, extending its decline for the second day amid rising tensions between India and Pakistan. The Nifty ended 265.80 points or 1.10%, lower at 24,008, while the BSE Sensex closed 880.34 points or 1.10%, lower at 79,454.47.

. Read more on Markets by NDTV Profit.A ceasefire between India and Pakistan will likely provide much relief to traders in Monday’s session. Track live updates on Indian stock markets here on May 12.  Read MoreMarkets, Notifications 

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