Daily Market Update

📈 Market Recap

12 May 2026, 12:49 AM By InStocks Research Desk

After a gap-down opening, Nifty gradually recovered from lower levels during the session. However, profit booking once again emerged around the 24,000 mark, dragging the index lower towards 23,800, and it eventually settled near the day’s low with a sharp loss of 1.49 percent.

📊 Sector Performance:

• Top Performers: Pharma, Healthcare

• Lagging Sectors: Consumer Durables, Realty

💰 Institutional Activity:

• FIIs: Net sellers of ₹8,437.56 crore

• DIIs: Net buyers of ₹5,939.65 crore

📉 FII Index Futures (Net Contracts):

• Nifty: -11,440

• Bank Nifty: 711

• Fin Nifty: -5

• Midcap Nifty: -120

• Nifty Next 50: -3

🔍 Options Market Insights:

• Significant Call side OI: 24,000 Call

• Significant Put side OI: 23,500 Put

• Put-Call Ratio (PCR): 0.57

• Max Pain: 23,900

• VWAP Range: 23,735 – 24,030

Sentiment:

Higher Call writing along with Put unwinding → Bearish undertone