Market Update: Nifty, Bank Nifty Surge on Global Peace Hopes; FIIs Remain Net Sellers | 12 Jun 2026
Key Highlights
Indian benchmarks opened significantly higher, tracking positive global cues driven by optimism for a US-Iran peace deal. Domestic institutional investors continued to provide strong support, offsetting persistent foreign outflows.
Indian equity benchmarks are trading firmly in the green this morning, with the up +0.83%, as global markets rally on hopes of a de-escalation in West Asia tensions.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 23,354.10 (+0.83%) |
| Nifty Bank | 55,950.55 (+1.40%) |
| Nifty Midcap 100 | 60,007.90 (+1.15%) |
Institutional Flows
(FIIs) continued their selling streak, offloading equities worth Rs 1,987.09 crore on June 11. However, (DIIs) provided strong counter-support, injecting Rs 4,224.51 crore into the market. This trend of DII buying absorbing FII selling has been a consistent theme over the past five sessions, helping to cushion market declines.
| Date | FII Net (Cr.) | DII Net (Cr.) |
|---|---|---|
| 2026-06-11 | -1,987.09 | 4,224.51 |
| 2026-06-10 | -2,124.98 | 3,123.95 |
| 2026-06-09 | -4,566.03 | 6,159.48 |
| 2026-06-08 | -5,555.67 | 5,165.24 |
| 2026-06-05 | -8,776.25 | 9,133.57 |
SEBI data further reveals FIIs were net sellers in equities but net buyers in the debt market over the last three days.
| Date | Equity Net (Cr.) | Debt Net (Cr.) |
|---|---|---|
| 2026-06-11 | -1,437.52 | 1,082.56 |
| 2026-06-10 | -3,885.57 | 2,147.47 |
| 2026-06-09 | -5,138.69 | 3,052.62 |
Sector Performance
PSU Banks and Financial Services are leading the gains today, reflecting broader market optimism.
| Sector | Last |
|---|---|
| Nifty PSU Bank | 8,482.70 (+2.15%) |
| Nifty Financial Services | 25,472.05 (+1.27%) |
| Nifty Realty | 752.25 (+1.20%) |
| Nifty Auto | 25,943.85 (+0.60%) |
| Nifty Pharma | 24,425.40 (+0.49%) |
| Nifty FMCG | 48,712.35 (+0.39%) |
| Nifty IT | 27,861.85 (+0.15%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| Gainers | ||
| INDIGO | Interglobe Aviation Ltd. | 4,664.10 (+3.59%) |
| SHRIRAMFIN | Shriram Finance Ltd. | 911.00 (+2.79%) |
| ETERNAL | Eternal Ltd. | 241.30 (+2.59%) |
| BAJFINANCE | Bajaj Finance Ltd. | 888.75 (+2.09%) |
| TITAN | Titan Company Ltd. | 4,108.30 (+2.06%) |
| Losers | ||
| ONGC | Oil & Natural Gas Corporation Ltd. | 244.85 (-3.07%) |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 9,976.00 (-1.36%) |
| TECHM | Tech Mahindra Ltd. | 1,446.70 (-1.26%) |
| NESTLEIND | Nestle India Ltd. | 1,407.90 (-1.03%) |
| COALINDIA | Coal India Ltd. | 442.55 (-0.82%) |
Global Cues
Asian markets are trading higher this morning, with South Korea’s KOSPI soaring over 8% and Japan’s Nikkei up over 3.5%. This follows a strong close for US markets on Thursday. The rally is fueled by heightened expectations of a US-Iran peace deal, which could materialize as early as this weekend, easing geopolitical tensions. Crude oil prices have dipped to a two-month low as supply disruption concerns ease.
Watch
- Horizon Reclaim (India) Ltd.: The IPO opens today, June 12, and closes on June 16, with a price band of Rs 98-103 per share.
- Susan Electricals India Ltd.: This IPO, which opened on June 11, continues to accept subscriptions until June 15, priced between Rs 120-127.
- Utkal Speciality Industries India Ltd.: The IPO for Utkal Speciality Industries, which opened on June 10, closes today, June 12, with a price band of Rs 62-66.
& Macro
The Rupee has strengthened against the US Dollar in early trade, currently at 95.29, gaining 56 paise from yesterday’s close of 95.85. On the macro front, the World Bank projects India’s economic growth to moderate to 6.6% in FY27 from 7.7% in the previous year, yet it is expected to remain the world’s fastest-growing major economy. India’s total outward foreign direct investment (FDI) commitments fell by 49.02% in May 2026. Separately, the government aims to increase India’s textile market size to Rs 33 lakh crore by 2030-31. April saw a sharp acceleration in WPI inflation to 8.30% and CPI-based retail inflation rose to 3.48% due to higher fuel and food prices.
Corporate Announcements
- Mobavenue AI Tech has launched its AI-powered growth intelligence platform ‘PiiX’.
- SIS has acquired an additional stake in Updater Services.
- Accord Transformer secured a purchase order worth Rs 1.03 crore.
- Infosys has successfully completed and contributed to the CMMI AI Maturity (AIM) Framework and Pilot Assessment.
- Adani Enterprises’ joint venture AdaniConneX (ACX) acquired 100% equity stake of Madhuvanti Build Estate.
- Hexagon Nutrition listed with a 7% premium on the .
- Gujarat Inject Kerala surged after bagging a purchase order worth Rs 14.49 crore.
- Sattrix Information rose on securing new work orders worth Rs 6.50 crore in April and May 2026.
The market’s resilience, despite consistent FII outflows, underscores the robust domestic institutional support and an improving global sentiment.
Hopes of a US-Iran peace deal are providing a significant tailwind, potentially easing geopolitical risks and boosting investor confidence across asset classes.