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Nifty ends higher for third straight session
Sep-18-2025

Indian equity benchmark -- Nifty -- ended higher for third straight session on Thursday amid optimism over US-India trade talks. Index made a positive start following broadly positive cues from Asian counterparts after US Federal reserve cut interest rate by 0.25 basis points to 4.0 percent from 4.25 percent, citing a shift in the balance of risks. The latest projections from Fed officials also suggested that they expect the central bank to lower rates two more times this year. Index continued its firm trade in late morning session. Traders took some support as Union Commerce Minister Piyush Goyal expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Further, traders took note of S&P Global’s statement that while a jump in capital expenditure is unlikely this fiscal year, the prospects for the economic growth catalyst are much better over a medium-to-long term. However, in second half of the session, index pared some of its gains but managed to bounce back and ended the session above 25,400 mark.

Traders were seen piling up positions in Pharma, IT and Private Bank stocks, while selling was witnessed In Media, PSU Bank and Realty. The top gainers from the F&O segment were Biocon, LIC Housing Finance and Laurus Labs. On the other hand, the top losers were Page Industries, Coal India and Kalyan Jewellers India. 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 3.53% and reached 9.89. The 50 share Nifty up by 93.35 point or 0.37% to settle at 25,423.60.

Nifty September 2025 futures closed at 25510.00 (LTP) on Thursday, at a premium of 86.40 points over spot closing of 25423.60, while Nifty October 2025 futures ended at 25630.00 (LTP), at a premium of 206.40 points over spot closing. Nifty September futures saw an addition of 54 units, taking the total open interest (Contracts) to 2,09,332 units. The near month derivatives contract will expire on September 30, 2025. (Provisional)

From the most active contracts, Infosys September 2025 futures traded at a premium of 7.60 points at 1548.70 (LTP) compared with spot closing of 1541.10. The numbers of contracts traded were 36,110. (Provisional)

HDFC Bank September 2025 futures traded at a premium of 2.75 points at 978.75 (LTP) compared with spot closing of 976.00. The numbers of contracts traded were 25,247. (Provisional)

Tata Motors September 2025 futures traded at a premium of 2.90 points at 715.40 (LTP) compared with spot closing of 712.50. The numbers of contracts traded were 22,892. (Provisional)

State Bank of India September 2025 futures traded at a premium of 1.75 points at 855.85 (LTP) compared with spot closing of 854.10. The numbers of contracts traded were 22,856. (Provisional)

Reliance Industries September 2025 futures traded at a premium of 3.50 points at 1418.50 (LTP) compared with spot closing of 1415.00. The numbers of contracts traded were 21,475. (Provisional)

Among, Nifty calls, 25500 SP from the September month expiry was the most active call with an addition of 9,129 units open interests. Among Nifty puts, 25300 SP from the September month expiry was the most active put with an addition of 6,698 units open interests. The maximum OI outstanding for Calls was at 26000 SP (76,613 units) and that for Puts was at 25000 SP (76,591 units). The respective Support and Resistance levels of Nifty are: Resistance 25471.78 -- Pivot Point 25400.77 -- Support 25352.58.

The Nifty Put Call Ratio (PCR) finally stood at (1.13) for September month contract. The top five scrips with highest PCR on Bharat Forge (1.20), Punjab National Bank (1.15), Kotak Mahindra Bank (1.13), Petronet LNG (1.13) and L&T Finance (1.08).

Among most active underlying HDFC Bank witnessed an addition of 383 units of Open Interest in the September month future, Infosys witnessed a contraction of 1,330 units of Open Interest in the September month future, ICICI Bank witnessed an addition of 1,221 units of Open Interest in the September month futures, State Bank of India witnessed an addition of 979 units of Open Interest in the September month futures and Reliance Industries witnessed an addition of 3,339 units of Open Interest in the September month futures. (Provisional).

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