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Nifty ends higher ahead of US Fed Policy outcome
Sep-17-2025

Indian equity benchmark -- Nifty -- extended previous session’s gains and ended higher on Wednesday ahead of US Fed Policy outcome, later in the day. Index made a positive start as US and India agreed to speed up talks on a bilateral trade agreement. The Commerce Ministry has said that the discussions with visiting US Chief Negotiator Brendan Lynch on the proposed bilateral trade agreement were positive and forward looking. Sentiments also remained optimistic amid foreign fund inflows. Foreign Institutional Investors (FIIs) bought equities worth Rs 308.32 crore on Tuesday, according to exchange data. Index continued its firm trade in green in late afternoon session. Market participants took note of Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal’s statement that India is set to attract investments worth Rs 80 lakh crore, generate over 1.5 crore jobs, and accelerate green shipping practices in the coming years. Index continued its firm trade in green till the end of the session and closed above 25,300 mark.

Traders were seen piling up positions in PSU Bank, IT and Oil & Gas stocks, while selling was witnessed in Metal, Consumer Durables and FMCG. The top gainers from the F&O segment were Tata Consumer Products, KPIT Technologies and Multi Commodity Exchange of India. On the other hand, the top losers were ICICI Lombard General Insurance Company, Jindal Steel and Vodafone Idea. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 0.24% and reached 10.25. The 50 share Nifty up by 91.15 point or 0.36% to settle at 25,330.25.

Nifty September 2025 futures closed at 25422.00 (LTP) on Wednesday, at a premium of 91.75 points over spot closing of 25330.25, while Nifty October 2025 futures ended at 25545.00 (LTP), at a premium of 214.75 points over spot closing. Nifty September futures saw a contraction of 2,710 units, taking the total open interest (Contracts) to 2,11,718 units. The near month derivatives contract will expire on September 30, 2025. (Provisional)

From the most active contracts, State Bank of India September 2025 futures traded at a premium of 3.10 points at 860.00 (LTP) compared with spot closing of 856.90. The numbers of contracts traded were 46,056. (Provisional)

Vedanta September 2025 futures traded at a premium of 1.20 points at 456.75 (LTP) compared with spot closing of 455.55. The numbers of contracts traded were 42,084. (Provisional)

HDFC Bank September 2025 futures traded at a premium of 3.85 points at 970.85 (LTP) compared with spot closing of 967.00. The numbers of contracts traded were 21,388. (Provisional)

Reliance Industries September 2025 futures traded at a premium of 3.10 points at 1416.10 (LTP) compared with spot closing of 1413.00. The numbers of contracts traded were 19,126. (Provisional)

Maruti Suzuki India September 2025 futures traded at a discount of 50.00 points at 15740.00 (LTP) compared with spot closing of 15790.00. The numbers of contracts traded were 17,370. (Provisional)

Among, Nifty calls, 25500 SP from the September month expiry was the most active call with a contraction of 1,664 units open interests. Among Nifty puts, 25000 SP from the September month expiry was the most active put with a contraction of 4,293 units open interests. The maximum OI outstanding for Calls was at 26000 SP (73,874 units) and that for Puts was at 25000 SP (76,286 units). The respective Support and Resistance levels of Nifty are: Resistance 25359.38 -- Pivot Point 25317.37 -- Support 25288.23.

The Nifty Put Call Ratio (PCR) finally stood at (1.15) for September month contract. The top five scrips with highest PCR on Punjab National Bank (1.15), Bharat Forge (1.14), Bajaj Finance (1.13), Kotak Mahindra Bank (1.12) and Canara Bank (1.08).

Among most active underlying State Bank of India witnessed an addition of 5,232 units of Open Interest in the September month future, HDFC Bank witnessed an addition of 2,576 units of Open Interest in the September month future, Vedanta witnessed an addition of 1,393 units of Open Interest in the September month futures, Multi Commodity Exchange of India witnessed an addition of 728 units of Open Interest in the September month futures and Bharat Electronics witnessed a contraction of 33 units of Open Interest in the September month futures. (Provisional).

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