The markets on June 12, 2019 opened gap down. BSE Sensex is trading at 39,706.81, down by 243.65 points and the Nifty is trading at 11,892.85, down by 72.75 points. 

Reliance Industries and BP announced the sanction of the D55 or MJ Project in the Krishna Godavari Dhirubhai 6 (KG-D6) offshore block.

Overall volumes in futures & options currently stand at 1,33,75,804 contracts with a turnover of Rs.9,24,247.99 crore.

Overall volumes in futures & options currently stand at 1,33,75,804 contracts with a turnover of Rs.9,24,247.99 crore.

The zone of 11,980-12,000 will continue to act as a resistance zone. A decisive move above this zone will open up gates for the bulls towards the all-time high levels. On the downside, the levels of 11,870, followed by 11,770, are the crucial support levels for the Nifty. Stocks in news: Reliance Industries, Yes Bank, HCL Technologies, DHFL, Trigyn Technologies, Avenue Supermarts.

In early action, the SGX Nifty is seen trading near the dotted line, which indicates that the Indian markets are likely to lack a clear direction and trade within a confined range throughout the day.

State-owned defence manufacturer Bharat Dynamics Limited gets a contract of Rs. 1,187.82 crore to supply heavyweight torpedoes. This contract is planned to be executed in the next 42 months.

The stock of Finolex Industries Limited has given falling wedge pattern breakout on daily time frame. The breakout was supported by strong volumes.

The stock of Thermax Limited has given downward sloping trendline breakout formed by connecting swing highs from January 2018. This breakout was confirmed by the above 50-week average volumes.

The stocks those are likely to witness significant movement on the bourses on June 12 are Avenue Supermarts, Havells, Bharat Dynamics, Balaji Speciality and Tata Elxsi.