Post Market, 12 May 2026: Sensex Falls 1,456 Points, Nifty Down by 436 Points

Markets remained under intense pressure today, extending losses for another session. Selling stayed strong throughout the day. Sentiment deteriorated further as concerns continued to build on multiple fronts.

The overall tone in the market looked significantly weaker compared to last week.

Closing Bell

Sensex went down 1,456.04 points to close at 74,559.24. Nifty 50 slipped 436.30 points to settle at 23,379.55.

Broader Markets

Broader markets witnessed intense selling pressure today. The Nifty Midcap 100 index declined 2.54%, while the Smallcap 100 index tumbled 3.17%.

Sectorally, realty stocks remained the worst hit, with the Nifty Realty index falling over 4%. IT, consumer durable, private bank and media stocks also closed sharply lower.

ONGC was the top gainer, followed by Hindalco and SBI. Shriram Finance was the top loser on the Nifty. Adani Ports, Tech Mahindra, HCL Tech, TCS and Wipro were other major laggards.

Q4 Result Updates

Earnings season continues to drive stock-specific action in the market. Here are some of the key Q4 updates:

• Heritage Foods: Net profit down 36.7% YoY at ₹24.16 crore vs ₹38.17 crore; revenue up 10.4% YoY at ₹1,157.56 crore vs ₹1,048.47 crore

• JSW Energy: Net profit down 8.8% YoY at ₹372 crore vs ₹408 crore; revenue up 41% YoY at ₹4,498.6 crore vs ₹3,189.4 crore

• JB Chemicals: Net profit down 30.4% YoY at ₹101.4 crore vs ₹145.7 crore; revenue down 4.8% YoY at ₹904.2 crore vs ₹949.5 crore

• NIIT Learning Systems: Net profit up 58% YoY at ₹77 crore vs ₹48.7 crore; revenue up 22% YoY at ₹525.2 crore vs ₹430 crore

• KPR Mill: Net profit up 11% YoY at ₹227.2 crore vs ₹204.5 crore; revenue up 1% YoY at ₹1,784 crore vs ₹1,769 crore

• Keystone Realtors: Net profit down 19% YoY at ₹52.4 crore vs ₹64.8 crore; revenue up 172.8% YoY at ₹1,596 crore vs ₹585 crore

• Ethos: Net profit down 3% YoY at ₹22 crore vs ₹22.7 crore; revenue up 33% YoY at ₹414 crore vs ₹311 crore

• V-Guard Industries: Net profit up 23% YoY at ₹112 crore vs ₹91 crore; revenue up 14% YoY at ₹1,755.3 crore vs ₹1,538 crore

• MobiKwik: Net profit up 107.8% YoY at ₹4.4 crore vs a loss of ₹56.7 crore; revenue up 7.8% YoY at ₹288.7 crore vs ₹267.7 crore

• Saurashtra Cement: Net profit up 282.5% YoY at ₹18.8 crore vs a loss of ₹10.3 crore; revenue up 9% YoY at ₹446.7 crore vs ₹410.2 crore

Other Key Highlights

• Vodafone Idea: Vodafone Idea shares came under pressure after reports suggested the Vodafone Group may transfer or dilute part of its stake in the company. The telecom company later clarified that it has not received any official communication regarding such a plan.

• OpenAI-Microsoft: OpenAI and Microsoft have reportedly capped their revenue-sharing arrangement at $38 billion. Reports suggest the move could support OpenAI’s long-term IPO plans.

• Truffles Hospitality: Bengaluru-based Truffles Hospitality is reportedly exploring a stake sale and fundraising plans. The restaurant chain is said to be targeting a valuation of around ₹800 crore.

• Afcons Infrastructure: Afcons Infrastructure has secured a ₹7,544 crore railway project in Croatia, marking its entry into the European market. The order is reportedly the company’s largest international project so far.

• Tata Sons Listing: RBI has reportedly indicated that Tata Sons may not receive an exemption from listing requirements applicable to upper-layer NBFCs. This has kept the market focus on the possibility of a future Tata Sons listing.

What Moved The Markets Today?

Markets remained under heavy pressure today.

The impact of Prime Minister Narendra Modi’s recent appeal to reduce certain discretionary spending is visible across sectors. Stocks linked to those segments remained under pressure through the session, adding to the broader weakness in the market.

On the geopolitical front, uncertainty around the Middle East conflict continued to weigh on sentiment. Trump indicated that the month-long Iran ceasefire now has only a “one per cent chance” of surviving. He also rejected Iran’s latest proposal, calling it unserious, while reports suggested the US may strengthen its naval blockade in the Strait of Hormuz.

Back home, the rupee stayed under pressure. It hit a fresh record low of ₹95.63 against the US dollar during the day. FII selling also intensified sharply, with foreign investors selling over ₹8,400 crore in the previous session, nearly double the earlier outflow.

Volatility continued to rise as well. India VIX crossed the 19.2 mark and moved closer to 20, reflecting increasing nervousness and uncertainty in the market.

Commodities Watch: Gold And Silver

Gold slipped marginally on MCX, whereas silver’s decline was higher.

Gold opened at ₹1,53,663 per 10 grams and saw only marginal movement during the day. By around 15:36 IST, it was trading at ₹1,53,615, down ₹48, or about 0.03%.

MCX Silver opened at ₹2,78,311 per kg and was trading at ₹2,76,655 around 15:38 IST, lower by ₹1,656, or roughly 0.59%.

Also Read - MobiKwik Q4 Results: Company Swings To Profit; Shares Decline 11%

What Should Investors Watch Next?

Right now, the market seems to be reacting more sharply to uncertainty than before. Rising volatility, record rupee weakness and heavy FII selling are all signs that nervousness is increasing across the market.

From here, investors are likely to closely track both geopolitical developments and domestic signals. Any stability in either could help calm sentiment.

Sources:

Moneycontrol

Livemint

CNBC TV18