The Indian stock market witnessed a downturn on 12th May, with the Nifty 50 closing at 23,379.55, marking a decline of 1.83% from its opening level of 23,722.60. The Sensex also experienced a significant drop, ending the session at 74,559.24, down 1.92% from its opening of 75,688.39. The market sentiment was predominantly bearish, with the Nifty Realty index leading the sectoral declines, closing at 765.70, a substantial fall of 4.11% from its opening.
Index movements
The Nifty 50 opened at 23,722.60 and reached a high of 23,757.55 before declining to a low of 23,348.40. The Sensex followed a similar trajectory, opening at 75,688.39, peaking at 75,741.96, and hitting a low of 74,449.50. The Bank Nifty also faced losses, closing at 53,555.20, down 1.63% from its opening level of 54,178.40, with a high of 54,365.45 and a low of 53,457.50.
Sectoral performance
Among the sectoral indices, the Nifty Realty index was the most affected, dropping by 4.11% to close at 765.70. The Nifty IT index also saw a significant decline, closing at 28,234.90, down 3.73% from its opening. The Nifty Auto index fell by 2.28%, ending at 26,142.60. Other sectors like Nifty Media and Nifty Midcap 100 also faced declines, closing at 1,396.30 and 59,704.65, respectively.
Market breadth
The broader market trend was negative, with the Nifty 100 and Nifty 500 indices closing at 24,303.05 and 22,299.90, down 1.94% and 2.18% from their respective openings. The Nifty Midcap 50 also declined by 2.43%, ending at 17,055.50. The Nifty Metal index, however, showed relative resilience, closing at 12,881.40, down only 0.35% from its opening.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 23,722.60 | 23,757.55 | 23,348.40 | 23,379.55 | -1.83% |
| Sensex | 75,688.39 | 75,741.96 | 74,449.50 | 74,559.24 | -1.92% |
| Nifty Realty | 799.20 | 801.90 | 764.65 | 765.70 | -4.11% |
| India VIX | 18.55 | 19.46 | 17.63 | 19.28 | +3.94% |
| Nifty IT | 29,091.05 | 29,091.05 | 28,126.90 | 28,234.90 | -3.73% |
| Nifty Media | 1,439.60 | 1,440.25 | 1,392.30 | 1,396.30 | -2.77% |
| Nifty Midcap 100 | 61,171.45 | 61,325.35 | 59,625.65 | 59,704.65 | -2.54% |
| Nifty Midcap 50 | 17,468.25 | 17,494.90 | 17,036.30 | 17,055.50 | -2.43% |
| Nifty Auto | 26,700.00 | 26,794.10 | 26,091.45 | 26,142.60 | -2.28% |
| Nifty 500 | 22,728.70 | 22,768.10 | 22,270.95 | 22,299.90 | -2.18% |
| Nifty 100 | 24,694.30 | 24,735.75 | 24,269.35 | 24,303.05 | -1.94% |
| Bank Nifty | 54,178.40 | 54,365.45 | 53,457.50 | 53,555.20 | -1.63% |
| Nifty FMCG | 51,019.80 | 51,237.20 | 50,396.50 | 50,453.90 | -1.47% |
| Nifty Pharma | 24,177.30 | 24,185.45 | 23,816.40 | 23,840.90 | -1.36% |
| Nifty Energy | 40,060.55 | 40,333.55 | 39,487.85 | 39,542.35 | -1.25% |
| Nifty PSU Bank | 8,120.80 | 8,215.40 | 8,054.60 | 8,071.35 | -1.10% |
| Nifty Metal | 12,945.75 | 13,076.65 | 12,865.30 | 12,881.40 | -0.35% |
Market outlook
As the market closed on a negative note, investors will be keenly watching for any developments that could influence the indices in the coming sessions. The significant drop in the Realty and IT sectors highlights the current volatility, and market participants will be looking for stabilising factors or policy announcements that might reverse the bearish trend.
Data as on May 12, 2026, 03:35 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.