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Nifty end lower on Wednesday amid renewed tariff uncertainty
Jan-07-2026

Indian equity benchmark -- Nifty -- ended lower on Wednesday amid renewed tariff uncertainty. Index made a slightly negative start following mixed cues from other Asian markets. Soon, index started wavering near neutral line with negative bias. Rising geopolitical tensions between US and Venezuela kept investors on edge. Besides, persistent foreign fund outflow weighted on market sentiments. As per exchange data, foreign institutional investors offloaded equities worth Rs 107.63 crore on Tuesday. In afternoon session, market extended its losses. Traders overlooked India Ratings & Research (Ind-Ra) in its latest report has said that India’s Gross Domestic Product (GDP) is likely to grow by 6.9 per cent in the next financial year (FY27). However, in last leg of the session, market trimmed most of its losses but ultimately ended below 26,150 mark.

Traders were seen piling up positions in IT, Consumer Durables and Chemicals stocks, while selling was witnessed in Auto, Oil & Gas and Realty. The top gainers from the F&O segment were Tata Elxsi, KPIT Technologies and Tata Technologies. On the other hand, the top losers were Cipla, Maruti Suzuki India and Hindustan Zinc. In the index option segment, maximum OI continues to be seen in the 26900 - 27100 calls and 25900 - 26100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 0.67% and reached 9.95. The 50 share Nifty down by 37.95 point or 0.14% to settle at 26,140.75.

Nifty January 2026 futures closed at 26237.90 (LTP) on Wednesday, at a premium of 97.15 points over spot closing of 26140.75, while Nifty February 2026 futures ended at 26383.00 (LTP), at a premium of 242.25 points over spot closing. Nifty January futures saw an addition of 3,292 units, taking the total open interest (Contracts) to 2,19,663 units. The near month derivatives contract will expire on January 27, 2026. (Provisional)

From the most active contracts, HDFC Bank January 2026 futures traded at a premium of 2.40 points at 952.65 (LTP) compared with spot closing of 950.25. The numbers of contracts traded were 54,353. (Provisional)

ICICI Bank January 2026 futures traded at a premium of 4.10 points at 1429.70 (LTP) compared with spot closing of 1425.60. The numbers of contracts traded were 29,883. (Provisional)

Titan Company January 2026 futures traded at a premium of 18.10 points at 4292.00 (LTP) compared with spot closing of 4273.90. The numbers of contracts traded were 26,278. (Provisional)

Reliance Industries January 2026 futures traded at a premium of 5.70 points at 1510.80 (LTP) compared with spot closing of 1505.10. The numbers of contracts traded were 24,909. (Provisional)

Indian Energy Exchange January 2026 futures traded at a premium of 0.96 points at 154.51 (LTP) compared with spot closing of 153.55. The numbers of contracts traded were 21,669. (Provisional)

Among, Nifty calls, 26500 SP from the January month expiry was the most active call with an addition of 1,580 units open interests. Among Nifty puts, 26000 SP from the January month expiry was the most active put with a contraction of 8,039 units open interests. The maximum OI outstanding for Calls was at 27000 SP (90,717 units) and that for Puts was at 26000 SP (90,981 units). The respective Support and Resistance levels of Nifty are: Resistance 26195.97 -- Pivot Point 26131.93 -- Support 26076.72.

The Nifty Put Call Ratio (PCR) finally stood at (1.02) for January month contract. The top five scrips with highest PCR on Petronet LNG (1.42), Voltas (1.15), Eicher Motors (1.11), LIC Housing Finance (1.11) and Jindal Steel (1.03).

Among most active underlying HDFC Bank witnessed an addition of 12,912 units of Open Interest in the January month future, ICICI Bank witnessed an addition of 3,807 units of Open Interest in the January month future, Reliance Industries witnessed an addition of 6,231 units of Open Interest in the January month futures, Titan Company witnessed an addition of 3,447 units of Open Interest in the January month futures and Maruti Suzuki India witnessed an addition of 1,910 units of Open Interest in the January month futures. (Provisional)

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