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Informist, Tuesday, May 12, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Seen dn as US, Iran nowhere closer to deal; oil prices to weigh

 

MUMBAI--0825 IST--Benchmark equity indices are likely to open lower Tuesday due as the US and Iran seemed far from reaching a resolution to end the war. Sentiment turned negative after the US President Donald Trump rejected Iran's proposal to end the war. The crude oil prices staying above $100 a barrel also remain a major overhang on the market sentiment. US indices closed higher Monday, while most Asian equity indices were in the red. At 0822 IST, Brent crude July futures were 1% higher at $105.33 a barrel.

"US President Donald Trump has said the ceasefire with Iran is "on life support" after rejecting Tehran's latest proposal to end the conflict, calling it "totally unacceptable", Al Jazeera reported. According to various news reports, Trump slammed the Iranian government and called its proposal "a piece of garbage". Meanwhile, Esmaeil Baghaei, Iran's foreign ministry spokesman, claimed the US had made "unreasonable demands" to end the war.

 

In another development, news reports say Pakistan has allowed parking of Iranian military aircraft at its airbases amid fears of a US-Iran strike, CBS News reported, citing US officials. "...the movements reflected an apparent effort to insulate some of Iran's remaining military and aviation assets from the expanding conflict, even as officials publicly served as brokers for de-escalation," according to the CBS News report.

 

The May contract of the Gift Nifty suggested a lower opening for the domestic equity indices. At 0823 IST, the Gift Nifty was largely flat from its previous close at 23710 points, and was short of over 100 points from the Nifty 50's previous close of 23815.85. "Going ahead, sustenance below 23800 spot levels could lead it (Nifty 50) towards 23500 and lower levels in the immediate term," said Vipin Kumaar, assistant vice president of equity research at Globe Capital Market. "However, a sustained trading above 24150 spot levels might lead it (Nifty 50) towards 24350 and higher levels," he added.

 

India's consumer price index data, due for release later in the day, will be in the spotlight. Brokerage HSBC Global Investment Research sees the headline inflation in India rising to 5.6% in the financial year 2026-27 (Apr-Mar). The combined effect of a rise in energy prices and the expected onset of the El Nino climate pattern are considered as the major triggers for the rise in inflation data. According to an Informist poll of 13 economists, consumer price index inflation is seen rising to a 15-month high of 3.8% in April from 3.4% in March.

 

Dr Reddy's Laboratories, Tata Power Co., Dixon Technologies India, Max Financial Services, and Torrent Power will detail their March quarter earnings Tuesday. Dr. Reddy's is likely to post a sharp decline in net profit, as lower US sales amid rising competition in generic cancer drug Revlimid and price erosion are expected to affect its earnings. The pharmaceutical major's consolidated bottom line for the quarter is seen at INR 8.95 billion, down almost 44% on year. Its top line is expected to be INR 82.69 billion, down 3% on year for the March quarter.  (Arundathi A R)

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Equity Alert: Asian indices mixed as US-Iran talks sour, crude oil rises

 

MUMBAI--0810 IST--Stock indices in Asia were mixed as market participants assessed the impact of worsening tensions between the US and Iran. US President Donald Trump said the truce with Iran was "unbelievably weak" and that it was on "life support." China's CSI 300, Australia's S&P ASX 200, and Japan's Nikkei 225 indices oscillated between gains and losses, while the KOSPI was in the red. South Korea's benchmark index underperformed its Asian peers by a wide margin, falling more than 3% in early trade. 

 

"I would call it the weakest, right now, after reading that piece of garbage they sent us," Trump said. "I would say the ceasefire is on massive life support, where the doctor walks in and says: ‘Sir, your loved one has approximately a 1% chance of living," he added. Brent Crude oil futures were higher at nearly $105 per barrel.

 

In macroeconomic news, the Bank of Japan, in its recent summary of opinions, said that it may have to raise rates "in response to developments in economic activity and prices as well as financial conditions. While the economy is expected to grow moderately, inflation is likely to increase gradually, the Bank of Japan said. Risks to inflation will be higher if the war in West Asia stretches on for longer. Further, the Bank of Japan warned that corporate profits and household incomes will also take a hit if crude oil prices remain elevated for a longer period. 

 

In Australia, a National Australia Bank survey revealed that business confidence improved only marginally to (-)24 in April from (-)29 in March. The marginal uptick was driven by partial recoveries in retail, construction, recreation, and personal services, the survey said, while noting that confidence across industries and regions remains negative. "Rising prices and pressure on margins are beginning to affect activity and investment measures," the survey said.

 

The following were the levels of major Asian indices at 0807 IST:

 

Index	Level	Change in %
CSI 300 Index	4952.4221	0.01
Hang Seng Index	26488.45	0.31
Nikkei 225 Day	62619.37	0.32
TOPIX FIRST SECTION	3860.94	0.52
KOSPI	7708.38	(-)1.46
FTSE Singapore Strait Times	4944.40	0.03
S&P/ASX 200 Index	8665.10	(-)0.42

 

(Ruchira Kagita)

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Equity Alert: US indices end on positive note, earnings momentum helps

 

MUMBAI--0730 IST--Indices on Wall Street closed in the green even as sentiment was weak due to worsened peace talks between the US and Iran. US President Donald Trump said ceasefire talks with Iran were "unbelievably weak" after earlier calling Iran's proposal for peace unacceptable. Brent Crude oil futures hovered near $105 per barrel. Strong earnings kept market participants positive. 

 

"If we get weakness after this really strong recovery from the March lows, I would see it as a buying opportunity, because this is a market that is being fueled by corporate profits, by capex, and frankly by a strong labor market,"  Marci McGregor, head of portfolio strategy, chief investment office, at Merrill and Bank of America Private Bank, told CNBC. As of Friday, analysts estimated the earnings growth of S&P 500 stocks for the quarter ended March at 28.6% on year, Reuters reported.

 

Technology majors continued to gain Monday. From the NASDAQ Composite, Micro Technology closed over 6% higher. Shares of Nvidia Corp., Tesla, and Intel Corp. gained 2-4%. In the S&P 500, six of the 11 sectors ended higher. The S&P 500 Energy index eked out the most gains compared with its peers, and the index closed 2.6% higher. On the flip side, the S&P Communication Services fell 2.63%. Among others, some airline stocks were under pressure. Shares of Southwest Airlines, Delta Air Lines, Alaska Air, and United Airlines fell 3.0-4.4%.

 

The following were the closing levels of major US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	49704.47	0.19
NASDAQ Composite	26274.125	0.10
S&P 500	7412.84	0.19

 

(Ruchira Kagita)

 

US$1 = INR 95.31

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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