📰 India Business Brief: Top Headlines for May 12, 2026

Business Standard

• Mid-cap and small-cap mutual funds continue to see strong inflows in 2026 despite significant market swings and heightened volatility.
• The Nifty Midcap 100 index recently touched a record high of 62,113.85, recovering strongly from its March lows despite the broader market's "yo-yo" performance.
• Amfi data indicates that investor sentiment remains resilient in the SMID (Small and Mid-cap) space even as benchmark indices fell up to 12% during the recent West Asia conflict.

Economic Times

• Existing investors in Billionbrains Garage Ventures (Groww), including Sequoia Capital and Ribbit, are set to sell shares worth ₹4,750 crore at a floor price of ₹177 per share.
• State Bank of India Chairman C S Setty has warned of new vulnerabilities in the financial system arising from the rapid growth of platform lending and data-driven underwriting.
• Global crude oil prices have climbed to $105 per barrel after President Donald Trump described Middle East peace talks as being on "life support."
• The Indian IT sector is bracing for short-term margin pressure as AI providers shift from per-seat to usage-based pricing models, increasing compute costs for large-scale firms.
• Toyota has officially selected Maharashtra as the location for its next major SUV manufacturing facility, a significant win for the state's industrial sector.

Mint

• The Indian stock market is bracing for a gap-down opening today, with the Gift Nifty trading around 23,650, suggesting a test of major support levels.
• On Monday, the Sensex tumbled 1,313 points (1.70%) to settle at 76,015.28, while the Nifty 50 declined 1.50% amid broad-based selling.
• Analysts suggest a cautious approach for May 12, recommending stocks such as Hindustan Unilever, Fortis Healthcare, and JK Lakshmi Cement for potential breakout opportunities.
• Geopolitical tensions and rising crude prices remain the primary triggers for the current market weakness, with investors awaiting U.S. inflation data for further cues.

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