Nifty struggles for direction after peace-deal rally, ends above 23,850

Broader markets outperform

Jun 15, 2026

Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.

In our latest episode of In The Money by Zerodha, we’re building directly on our earlier episode on the 9: 20 straddle — and taking it further. This time, we’re focused on Sensex 0DTE options.

Does the edge from the 9:20 straddle on Nifty translate to Sensex? And more importantly, is there a smarter framework for 0DTE — one that goes beyond replicating a single structure on a new index? Why the math works differently for straddles versus strangles, and what the data actually says about concentrating versus diversifying your 0DTE trades.

We also discuss whether the edge in 0DTE is eroding — and where it might still exist for disciplined, systematic traders.

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Markets Today

Nifty opened with a sharp 362-point gap up at 23,985, following the confirmation of a US-Iran peace deal set to be signed on Friday. The development triggered a sharp fall in crude oil prices, with Brent slipping close to the $83-per-barrel mark. After the strong opening, the index remained firm through the first hour, briefly testing the 24,000 level and marking the day’s high around 11 AM.

However, the early momentum faded as profit-booking emerged at higher levels. Nifty gradually drifted lower through the late morning session, slipping below 23,950 and moving toward the 23,900 zone by noon.

In the second half, the weakness persisted, with the index trading in a narrow downward range between 23,890 and 23,930 for most of the afternoon.

Selling pressure intensified in the final hour, dragging Nifty toward the 23,850 mark, eventually closing near the day’s lows at 23,853.90. The session was marked by a strong gap-up opening driven by easing geopolitical concerns, followed by steady profit-booking that erased part of the early gains.

Despite the positive global backdrop and lower oil prices, Nifty failed to sustain above 24,000, highlighting continued caution among market participants after the recent rally.

Sectoral Indices Performance

Realty led with a 3.96% surge, followed by Auto at 2.6% and Metal at 1.78%. Consumption climbed 1.73%. Nine of twelve sectors closed green. IT was flat, Media slipped 0.14%, and Pharma dropped 0.66%.

Winners & Losers

Commodities

Global Markets

Bond Yields & Currency

FII / DII Flows

Here’s the trend of FII-DII activity from the last 5 days:

Thematic Indices

Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard

Change in OI for the day

The following is the change in OI for Nifty contracts expiring on 16th June:

The maximum Call Open Interest (OI) is observed at 24,000, followed by 23,900, indicating potential resistance at the 24,000 -24,100 levels.
The maximum Put Open Interest (OI) is observed at 23,500, followed by 23,400, suggesting support at 23,600-23,500.

Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.

Source: Sensibull