From a derivatives perspective, the Put-Call Ratio (PCR) stands at 0.92. On the Put (PE) side, significant open interest concentration remained at 23,000 strike at the nearest OTM Put.
On the Call (CE) side, among the nearest OTM strikes open interest addition was seen at 23,600 strike while highest open interest was concentrated on 24,000 strike price.
Technical Support and Resistance Level for Nifty Today
Technically, the 23,000–23,100 zone remains the immediate and crucial support area for the Nifty, as the index has repeatedly defended this level over the past few sessions. A decisive close below 23,000 could trigger fresh selling pressure and extend the decline towards 22,800 and 22,700. On the upside, resistance is placed at 23,304, which coincides with the 8-day EMA, followed by a stronger hurdle at 23,542 near the 20-day DMA. A sustained close above these levels would be required to signal a recovery, while the broader trading range remains capped between 23,070 and 23,560.
Stocks to Watch on Friday, June 12: Tata Capital, ITI Limited, Cyient in Focus
The stock-specific actions are likely to continue and here is the list of stocks to watch out for on Friday, June 12, 2026.
Stock
| Reason to Watch
|
Tata Capital
| Allotted Non-Convertible Debentures (NCDs) worth ₹2,030 crore through private placement, strengthening its funding base.
|
Ratnaveer Precision Engineering
| Plans to raise ₹330 crore through a rights issue, which could support future growth and expansion.
|
ITI Limited
| Received BSE and NSE listing approval for 19.65 lakh preferential shares issued to promoters.
|
GNG Electronics
| Promoter sold a 3.9% stake, reducing shareholding to 74.77%, making stake-sale activity a key trigger.
|
Cyient
| Fixed June 17 as the record date for its ₹720 crore share buyback.
|
Edelweiss Financial Services
| Closed its ₹3,000 crore NCD issue early due to strong investor demand.
|
SP Apparels
| Entered into a £4 million loan agreement with its UK subsidiary.
|
Vedanta Iron and Steel
| Shares of the demerged entity are scheduled to list on exchanges on June 15.
|
Dabur India
| US FDA issued Import Alert 66-40 for its Silvassa unit; company stated the impact on operations and financials is negligible.
|
Federal Bank
| Launched 'FCNR Max', a new FCNR(B) deposit product aimed at NRI customers.
|
Stock in F&O Ban on June 12
For today, Kaynes Technologies is under F&O ban.
Institutional Flows – FIIs and DIIs
On June 11, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹1,987.09 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totaling ₹4,224.51 crore during the same session.
Indian Stock Market Action on Thursday
On Thursday, Indian benchmark indices ended lower after a highly volatile trading session, with the Nifty 50 slipping below the 23,200 level amid broad-based selling pressure across sectors. Despite the weak market sentiment, pharma, private banking, and media stocks bucked the trend and closed with gains.
At the closing bell, the Sensex declined 150.63 points, or 0.20%, to settle at 73,832.55, while the Nifty 50 fell 53.35 points, or 0.23%, to end the day at 23,161.60.
Wall Street Was Closed Higher on Thursday
US stocks surged on Thursday, extending their rally after US President Donald Trump announced the cancellation of planned military strikes against Iran, easing geopolitical tensions. Investor sentiment was further boosted ahead of the highly anticipated market debut of Elon Musk's SpaceX.
The rally was broad-based across major indices. The Dow Jones Industrial Average jumped 929.97 points, or 1.86%, to close at 50,848.75. The S&P 500 advanced 127.31 points, or 1.75%, to settle at 7,394.30, while the Nasdaq Composite outperformed, climbing 640.16 points, or 2.54%, to end at 25,809.66.
