Stock Market Update 12 May 2026: Sensex Falls Over 300 Pts, Nifty 50 Below 23,750

Most Indian stock market indices started negatively after market opening on Tuesday, 12 May 2026.

At around 9:16 AM, the Sensex was trading lower by around 326 points (0.43%) at 75,688.98. The Nifty 50 also traded lower by around 79 points (0.33%) at 23,736.90.

Even on Monday, the indices closed on a weaker note. At market close, the Sensex was down by 1,312.91 points at 76,015.28. The Nifty 50 was also down by 360.30 points at 23,815.85.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading lower during early trade on Tuesday.

At around 9:18 AM, Bank Nifty was down by around 0.37% to trade at 54,237.10. The Nifty Financial Services index was also down by around 0.48% to trade at 25,531.65.

Among the sectoral indices, Nifty Auto (down 0.06%), Nifty Metal (down 0.39%), and Nifty IT (down 2.46%) were in the red. The ones trading in the green were Nifty Metal (up 0.57%) and Nifty PSU Bank (up 0.19%).

Top Gainers And Losers

At around 9:17 AM on Tuesday, 1,434 shares were in the red, whereas 951 shares were in the green.

The top gainers on Nifty were ONGC, Hindalco, Tata Consumer, Bajaj Auto, and SBI. The top losers were mostly the information technology (IT) stocks, including Infosys, TCS, Tech Mahindra, HCL Tech, and Wipro.

What About The Global Markets?

Global markets gave mixed cues after the Middle East tensions flared again.

• S&P 500 futures were down 0.2% as of 11:17 AM Tokyo time.

• Nikkei 225 futures (OSE) were up 0.4%.

• Japan’s Topix was up 0.4%.

• Australia’s S&P/ASX 200 was down 0.4%.

• Hong Kong’s Hang Seng was up 0.3%.

• The Shanghai Composite was down 0.1%.

• Euro Stoxx 50 futures were down 0.7%.

Developments Shaping The Market

• Renewed Middle East Tension: The uncertainty in the Middle East is one of the most crucial factors that is causing the current market volatility. As per the recent developments reported, US President Donald Trump has rejected Iran’s response to the peace proposal.

• Rupee Under Pressure: The Indian National Rupee (INR) has been under constant pressure due to geopolitical uncertainty and volatile energy prices. On Tuesday, the currency opened at a record low of 95.50 per US dollar, down by 0.2% from the previous close.

• FII Selling: Foreign institutional investors (FII) continue to sell Indian equities, resulting in a market fall. On Friday alone, FIIs sold Indian equities worth ₹4,111 crore.

Also Read - Bank of Baroda Q4 FY26 Results: Net Profit Rises 11% To ₹5,616 Crore

Investor Takeaway

The Indian equity markets may continue to remain volatile amid higher energy prices, a weakening national currency, and FII selling. The ongoing US-Iran conflict may have a significant impact on short-term market behaviour.

Sources:

The Economic Times

Moneycontrol