Market Movers to Track on May 12: Tata Steel, UPL, SRF, Yes Bank

The agreement between India and Pakistan is holding strong. Indian benchmark indices Sensex, and Nifty50 are likely to breathe a sigh. They will be driven by the fourth quarter results, FIIs and negotiations for a US-China trade deal, among other global cues.

At 6:50 am, GIFT futures were 496 points higher, at 24,561.5. This indicates a strong start to the day for the stock exchanges.

The Sensex fell 880.34 or 1.10 percent to close at 79.454.47. Meanwhile, the Nifty50 also dropped 265.80, or another 1.10 percent, to end at 24,008.

On Friday, the US stock markets finished mixed. Dow Jones dropped 0.29 percent, S&P500 slipped 0.07 percent, and Nasdaq remained largely flat.

Earnings today: TD Power Systems, SRF, Vijaya Diagnostic Centre, PG Electroplast, Tata Steel shares, UPL, Chalet Hotels, Raymond, Jyothy Labs, Ather Energy, Carborundum Universal, JM Financial, Happiest Minds Technologies, Raymond Lifestyle, Bajaj Electricals, Thomas Cook (India), Ventive Hospitality.

Stocks to watch today

Dr Reddy lab share price increased 8.6 percent Y-o -Y, to Rs 8,506 crore.

NTPC's Green Energy has named Sarit Maheshwari CEO. She replaces Rajiv Gupta with effect from May 10, 2025.

Bank of India Q4 Net profit soared 82.5 percent Y-o -Y to Rs 2,626 crore. NII grew by 2.1 percent to Rs 6,063 crore.

Adani Power has won a contract for the supply of 1,500 MW of thermal power to Uttar Pradesh , at Rs5.383/unit.

Yes Bank share price a 20% stake from SBI, and a lender consortium. SBI will be selling 13.19 percent, while the rest of 6.81 percent comes from Axis Bank HDFC Bank ICICI Bank and other lenders.

Reliance Power reported a net profit for Q4 results of Rs125.6 crore, compared to a loss of Rs397.6 lakhs year-on-year. Revenue fell 1 percent to Rs 1,978 crore.

Navin fluorineQ4 Net profit rose 35,7 per cent year-on-year to Rs95 crore.