Daily Market Quote: 12 June 2026

By Prime Research | Last Modified: Jun 12, 2026 05:11 PM IST

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After showing a choppy movement in the last few sessions, Nifty witnessed an excellent breakout on Friday and closed the day with hefty gains of around 461 points. After opening on a positive note, the market shifted into a minor consolidation till afternoon. Sharp buying has emerged after 1.30pm, and the market surged further towards the end and closed at the highs.

A long bull candle was formed on the daily chart which indicates a decisive breakout of the consolidation movement of the last few sessions. The Bank Nifty was the outperformer in the rally which gained close to 3%. Market breadth was strong on Friday, with broad market indices like midcap/smallcap gained above 2% on Friday.

The short-term trend of Nifty has turned positive after a recent choppy movement. The next upside levels to be watched around 23800 and next 24100 in the near term. Immediate support is placed at 23300.

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