Indian equity benchmark -- Nifty ended deeply in red on Tuesday on renewed AI disruptions jitters. After making negative start, soon index intensified its losses as traders avoided risky bid ahead of monthly F&O expiry. Meanwhile, market witnessed huge sell-off in IT and Tech stocks. Sentiments remained weak as U.S. President Donald Trump said that any countries that want to play games after the court's tariff ruling would be hit with a much higher tariff. Further, cautiousness prevailed in the market as the Indian government halved the rate of duty benefits under the export support scheme, the Remission of Duties and Taxes on Exported Products (RoDTEP), prompting the exporting community to seek a reconsideration of the decision. In afternoon session, index added more losses and continued its weakness till the end of the session. Finally, Nifty ended below its crucial 25,450 mark.

Traders were seen piling up positions in Metal, Oil & Gas and PSU Bank stocks, while selling was witnessed in IT, Realty and Media. The top gainers from the F&O segment were Bandhan Bank, Waaree Energies and Adani Energy Solutions. On the other hand, the top losers were KPIT Technologies, LTIMindtree and Tech Mahindra. 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 0.12% and reached 14.15. The 50 share Nifty down by 288.35 point or 1.12% to settle at 25,424.65.

Nifty March 2026 futures closed at 25613.80 (LTP) on Tuesday, at a premium of 189.15 points over spot closing of 25424.65, while Nifty April 2026 futures ended at 25767.50 (LTP), at a premium of 342.85 points over spot closing. Nifty March futures saw an addition of 56,118 units, taking the total open interest (Contracts) to 2,07,535 units. The near month derivatives contract will expire on March 30, 2026. (Provisional)

From the most active contracts, HDFC Bank March 2026 futures traded at a premium of 6.50 points at 918.00 (LTP) compared with spot closing of 911.50. The numbers of contracts traded were 80,272. (Provisional)

Infosys March 2026 futures traded at a premium of 7.80 points at 1288.00 (LTP) compared with spot closing of 1280.20. The numbers of contracts traded were 67,614. (Provisional)

Tata Consultancy Services March 2026 futures traded at a premium of 16.00 points at 2597.00 (LTP) compared with spot closing of 2581.00. The numbers of contracts traded were 58,394. (Provisional)

Reliance Industries March 2026 futures traded at a premium of 7.70 points at 1438.80 (LTP) compared with spot closing of 1431.10. The numbers of contracts traded were 45,657. (Provisional)

IDFC First Bank March 2026 futures traded at a premium of 0.40 points at 71.15 (LTP) compared with spot closing of 70.75. The numbers of contracts traded were 44,243. (Provisional)

Among, Nifty calls, 26000 SP from the March month expiry was the most active call with an addition of 16,020 units open interests. Among Nifty puts, 25500 SP from the March month expiry was the most active put with an addition of 445 units open interests. The maximum OI outstanding for Calls was at 26000 SP (91,098 units) and that for Puts was at 25000 SP (92,839 units). The respective Support and Resistance levels of Nifty are: Resistance 25601.77 -- Pivot Point 25464.68 -- Support 25287.57.

The Nifty Put Call Ratio (PCR) finally stood at (1.31) for March month contract. The top five scrips with highest PCR on The Phoenix Mills (1.62), Lodha Developers (1.56), Exide Industries (1.47), Oberoi Realty (1.40) and Bajaj Finserv (1.28).

Among most active underlying HDFC Bank witnessed an addition of 54,456 units of Open Interest in the March month future, Reliance Industries witnessed an addition of 32,440 units of Open Interest in the March month future, Infosys witnessed an addition of 24,517 units of Open Interest in the March month futures, ICICI Bank witnessed an addition of 19,058 units of Open Interest in the March month futures and Tata Consultancy Services witnessed an addition of 27,759 units of Open Interest in the March month futures. (Provisional).