Nifty 50 and futures traded in the red on August 12, 2026, pressured by rising crude oil prices and investor caution ahead of key US inflation data. Despite the broader market weakness, the National Stock Exchange launched new futures and options contracts for the Nifty India FPI 150 Index today.
The Indian stock market began the session on a weak note on August 12, 2026, with both the Nifty 50 and Nifty futures facing downward pressure. The Nifty 50 index slipped below the 24,400 mark during early trade, extending losses from the previous session as investors reacted to global economic and geopolitical developments.
The primary concern weighing on investor sentiment is the surge in crude oil prices, which have climbed toward $90 per barrel. This increase follows heightened geopolitical tensions involving US-Iran relations and worries regarding the safety of Middle East shipping routes, which can disrupt global supply chains and increase energy costs. Additionally, market participants are exercising caution as they await the release of crucial US Consumer Price Index (CPI) inflation data, which often influences global market trends and central bank policies.
Sector performance has been mixed during the session. While the broader market remains bearish, certain pockets have shown resilience. The Nifty PSU Bank and Nifty Metal sectors recorded gains in early trade, offering some cushion against the overall decline. Conversely, sectors such as Consumer Durables, FMCG, and IT have seen significant selling pressure, dragging the indices lower.
Amid these market movements, the National Stock Exchange (NSE) has officially introduced futures and options (F&O) contracts on the Nifty India FPI 150 Index effective today, adding a new instrument for traders looking to hedge or gain exposure to companies favored by foreign portfolio investors.
Technically, the Nifty 50 faces a critical support level around 24,400. Market observers note that if the index fails to sustain this level, it may face further downside toward the 24,200 or 24,000 marks. A recovery would depend on whether the index can hold its current support and find stability amid the global energy price volatility. Investors will likely watch for the upcoming US inflation data and any further updates on geopolitical stability as the primary triggers for market direction in the coming sessions.