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Informist, Thursday, Jun. 12, 2025

By Anshul Choudhary

MUMBAI – Options data show sentiment in the market has turned slightly bearish after the Nifty 50 fell below its support of 25000 points amid risks of higher crude oil prices due to geopolitical tensions between Iran and the US. Traders expect the Nifty 50 to fall slightly more before bouncing back.

Global sentiment took a hit after relations between the US and Iran worsened as the two countries failed to reach a consensus on a nuclear deal. Iran said Wednesday they will attack US military bases in the region if a conflict breaks out. The US has also reduced its staff in Iraq embassy over security risks.

Global markets were largely weak post US-Iran developments. Most indices in the Europe and Asia were down, and US futures also fell. In India, the Nifty 50 fell 1% to 24888.20 points, snapping a six-session winning streak.

For call options expiring next week, traders sold call options and bought put options, indicating a hit to bullish sentiment. Call options between 25000-25200 strike prices saw highest open interest addition and these levels are likely to act as immediate resistance, capping gains from here.

For put options, the highest open interest addition was seen between 24000-24900 strike prices. The highest open interest was at 24000 puts. Analysts expect the Nifty 50 to find support around 24700 points.

The June futures contract of the Nifty 50 closed at a premium of 18.90 points to the spot index Thursday. Open interest in the contract rose over 7% to 12.23 million, according to provisional data. 

--Nifty 50 Jun closed at 24907.10, down 304.60 points; 18.90-point premium to the spot index

--Nifty 50 Jul closed at 25045.80, down 296.60 points; 157.60-point premium to the spot index

--Nifty 50 Aug closed at 25150.00, down 297.10 points; 261.80-point premium to the spot index

Infosys, BSE, One 97 Communication, HDFC Bank, ICICI Bank, Asian Paints, State Bank of India, Reliance Industries, InterGlobe Aviation, Bajaj Finance, Bajaj Finserv, Bharti Airtel, Tata Motors, Oil and Natural Gas Corp., Bharat Electronics, Hindustan Aeronautics, and Tata Consultancy Services were the most active underlying stocks Thursday.  End

Edited by Tanima Banerjee

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