Sensex & Nifty Live Updates May 13: Sensex Sheds Over 1,200 Points, Benchmark Indices Tumble Over 1%

Indian stock markets witnessed sharp declines today, led by heavy selling in IT stocks. Despite gains in select names, benchmark indices ended firmly in the red. Global cues remained mixed, adding to investor caution. Currency and commodity markets showed moderate but divergent trends.

Stock Market Highlights, May 13:

• Sharp Sell-Off in IT Stocks Drags Markets: Benchmark indices closed deep in the red, with the Sensex down 1.55% and Nifty 50 falling 1.39%, led by heavy losses in IT majors like Infosys (-3.58%), HCL Tech (-3.04%), and TCS (-2.91%).
• Defensive & Auto Stocks Limit Losses: Bharat Electronics (+4.01%), Hero Motocorp (+1.97%), and Jio Financial (+1.71%) were among the top gainers, providing some cushion to the broader market amidst sectoral pressure.
• Global Cues Remain Mixed: While Asian markets like Nikkei and Hang Seng ended higher, US futures showed a negative bias and European indices traded flat.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

US Markets Live Today

*As of 15:26 IST

Gold Price Today

Gold prices today have increased slightly today. 22K gold is currently priced at ₹8,765 per gram and 24K gold is at ₹9,562 per gram.

Silver Price Today

Silver prices today have witnessed a further drop today. Prices are currently at ₹97.90 per gram. 

Sensex & Nifty: Afternoon Update:

*As of 12:15 IST

Key Factors Impacting INR Today:

• Softening Dollar Index: The Dollar Index is down by 0.22% to 101.59, indicating a weaker dollar globally. This typically supports emerging market currencies like the INR, providing slight appreciation pressure.
• Mixed Movement Against Major Currencies: While the INR gained marginally against the USD (-0.073%), it weakened against the JPY (+0.23%) and saw slight depreciation against the EUR and GBP. This suggests a mixed currency basket performance potentially influencing overall sentiment.
• Relative Strength Against USD: The USD/INR pair has edged lower to 84.9041, a 0.073% decline, reflecting moderate strength in the rupee possibly driven by global cues rather than domestic momentum.
   

Currency Market Overview:

*As of 12:10 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and business updates.

Gensol Engineering

Anmol Singh Jaggi and Puneet Singh Jaggi have resigned from their roles as Managing Director and Whole-time Director, respectively, at Gensol Engineering. Their departures come nearly a month after SEBI restricted them from holding key managerial positions in the company.

Paytm

Antfin is reportedly looking to divest up to a 4% stake in Paytm through block deals. The potential transaction is estimated to be worth around ₹2,066 crore, according to media sources.

Ather Energy

Electric scooter manufacturer Ather Energy, which recently listed on the stock market, posted a narrower loss of ₹234.40 crore in the March quarter—an 18% improvement over the ₹283.30 crore loss recorded during the same period last year. The improvement was largely driven by enhanced gross margins.

Tata Steel

Tata Steel reported a sharp increase in its consolidated net profit for the March quarter, which rose to ₹1,200.88 crore—more than double the ₹554.56 crore profit from the corresponding quarter in the previous fiscal. Despite the profit surge, total income dropped to ₹56,679.11 crore, compared to ₹58,863.22 crore a year ago.

KFin Technologies

General Atlantic, through its affiliate General Atlantic Singapore Fund Pte, is expected to sell up to 6.9% of its equity holding in KFin Technologies Ltd via block deals, according to reports. The U.S.-based private equity investor is looking to partially exit its stake in the financial services firm.

Stock Market Outlook for Today:

• Muted Start for Nifty: Nifty opened slightly lower at 24,864, down 0.25% from the previous close, following a sharp 3.5% rally in the prior session.

• Mixed Global Cues: While US indices surged (Nasdaq +4.35%, Dow +2.81%), Asian markets showed mixed trends with Hang Seng down 1.67% and Nikkei up 1.66%.

• Continued Institutional Support: FIIs and DIIs remained net buyers with inflows of ₹1,246 crore and ₹1,448 crore respectively, indicating sustained investor confidence.

Indian Stock Market Recap: May 12

Markets soared on May 12, with the Sensex and Nifty hitting fresh 2025 highs as broad-based buying, IT and Adani stocks, and strong global cues fuelled a sharp rally thanks to de-escalation of the India-Pakistan conflict and the resolution of the US-China trade war.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 1246.48
Domestic Institutional Investors (DIIs) Net Buy/Sell : 1448.37

*As of 09:45 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.