EQUITY MARKET (12th Oct 2026)

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment 09^th Oct 2026

As of 10:12(IST)

NSE ADVANCE/DECLINE: 

As of 10:13(IST)

NIFTY INDEX DAILY REPORT

Nifty 50 gave up its advance and tumbled sharply into the close to settle the session at the mark of 22,316.85, down by 0.90%. Downward pressure on the index was amid  persistent overseas fund outflows, as foreign institutional investors continued to offload positions into market upticks. Heavyweights in the FMCG and technology spaces bore the brunt of the downturn, with names like HUL, ITC, and Tech Mahindra leading the decline, further compounded by sustained selling in Reliance Industries. Consequently, the index breached critical support levels to settle within the 22,350–22,390 band, shedding roughly 0.9%. Modest resilience in select counters such as Kotak Mahindra Bank, Mahindra & Mahindra, and Bharat Electronics proved insufficient to stem the retreat, leaving broader sentiment guarded amid unpredictable crude prices and the onset of the second-quarter earnings cycle.

Nifty Bank failed to sustain its momentum, retreating sharply from a day’s high of 55,350.15 to close down by roughly 0.61% and slipping to settle at 54,918. The Banking Index deteriorated as sovereign yields touched multi-year peaks, stoking fears over treasury mark-to-market losses while systemic liquidity contracted further under the central bank’s currency and open market interventions. The selloff was broad-based across both state-run and leading private institutions. Kotak Mahindra Bank stopped the downward trend with marginal gains, its standalone strength failed to neutralize the pervasive drag across financial counters, wrapping up the session on a decidedly cautious note.

Nifty Pharma index held its ground as a defensive sector, fluctuating around the 25,960–26,020 band compared to its prior settlement of 25,962.05. Nifty pharma drew targeted safe-haven flows. The gauge moved within an intraday corridor of roughly 25,900 to 26,050, edging higher by around 0.2% at its peak as traders rotated into low-beta assets to hedge against erratic energy prices and macroeconomic strain. Solid footing in key constituents including Sun Pharma, Cipla, and Dr. Reddy’s shielded the space from steep corrections, enabling it to finish broadly steady and significantly outperform the hard-hit banking, FMCG, and technology sectors.

NIFTY DAILY CHART

The Nifty50 traded with negative bias and plunged by 0.90% and fell below  the psychological level of 22,500 and settled the day at the mark of 22,316.85.  RSI continued to move in the normal zone from the oversold zone to the mark of 34.04. Only sustained trading above the 22,500 level could push the index to 22,800 else, the index seems to be in a prolonged weak zone. But if the index falls below 22,250 could make the index weaker towards the mark 22,000.

POST MARKET UPDATE:

Equity Market Technical Analysis Snapshot: Oct 12^th, 2026

NIFTY50:

Nifty opened around 22,593.20 and initially moved higher to an intraday high of 22,651.10, facing immediate resistance near the 11-DMA. The index witnessed sharp selling pressure from higher levels, with the decline continuing throughout the session. It touched an intraday low below 22,304.45 before recovering marginally and settling around 22,363.35, registering an overall decline of 0.70%. The overall trend remains bearish, with resistance placed at 22,650 and 22,850, while support is seen at 22,200 and 22,000. The index continues to trade below its 200-DMA, 30-DMA, and 11-DMA, indicating a weak broader technical structure. RSI at 34.04 reflects subdued momentum. A sustained move above 22,650 could provide some relief to the short-term trend, while a break below 22,200 may trigger further downside. The 22,400 level was mentioned as a pivot; however, it remains above the reported closing level.

BANKNIFTY:

Bank Nifty opened around 55,350, within the resistance zone, and initially moved higher to an intraday high of 55,416.45. However, the index failed to sustain at higher levels and witnessed continuous selling pressure throughout the session, declining to an intraday low of 54,708.80 before settling around 54,918.00, registering an overall decline of 0.61%. The trend remains sideways to bearish, with resistance placed at 55,300 and 55,850, while support is seen at 54,500 and 54,200. The index continues to trade below its 30-DMA and 200-DMA but remains above its 11-DMA, indicating a mixed short-term technical setup within a weak broader trend. RSI at 42.33 reflects subdued momentum. A sustained move above 55,300 could support a recovery, whereas a break below 54,500 may increase selling pressure. 

NIFTY MID SELECT:

Nifty Mid Select opened gap-up around 13,637.55 and initially advanced to an intraday high of 13,696.80, approaching the 11-DMA. However, the index failed to sustain at higher levels, declined, and subsequently moved sideways, touching an intraday low of 13,567.85 before settling around 13,634.00, registering a modest gain of 0.31%. Despite the positive closing, the overall trend remains bearish, with resistance placed at 13,700 and 13,850, while support is seen at 13,550 and 13,400. The index continues to trade below its 11-DMA, 30-DMA, and 200-DMA, indicating a weak broader technical structure. RSI at 36.48 reflects weak momentum. A sustained move above 13,700 could improve the short-term outlook, while a break below 13,550 may lead to renewed selling pressure.

NIFTY MEDIA:

Nifty Media opened gap-up around 1,559.80 and witnessed strong buying interest throughout the session, advancing towards the breakout zone near 1,636.25 and touching an intraday high of 1,635.00 before settling around 1,624.80, registering a sharp gain of 4.60%. The overall trend has turned bullish, with support placed at 1,600 and 1,560, while resistance is seen at 1,670 and 1,700. The index is trading above its 11-DMA, 30-DMA, and 200-DMA, indicating an improvement in its technical structure. RSI at 61.49 reflects strong positive momentum. A sustained move above the 1,636–1,670 zone could open the way for further upside towards 1,700, while a decline below 1,600 may invite profit booking.

Pivot Table:

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