Nifty ended higher on Wednesday. Index made optimistic start following firm global cues. Soon, market added more points on account of hectic buying in IT and Tech stocks. Further, sentiments were upbeat as the State Bank of India (SBI) in its latest report stated that India's economy is expected to maintain strong growth momentum, with GDP projected to expand by around 8.1 per cent in the third quarter of the current financial year (FY26). Meanwhile, Union Minister of Commerce and Industry Piyush Goyal said that at a time when the world is grappling with uncertainty, India is building bridges of trade, trust and transformation, and now enjoys preferential trade access to nearly two-thirds of global trade owing to a series of high-quality free trade agreements (FTAs) concluded under the leadership of Prime Minister Narendra Modi. However, in afternoon session, market gave-up most of its gains and traded marginally above neutral line as traders opted to book profit at higher levels. Besides, lingering US trade tariff jitters weighed on investors sentiments. Finally, Nifty ended below 25,500 mark.

Most of the sectorial indices ended in green except PSU Bank, FMCG, Realty and Oil & Gas stocks. The top gainers from the F&O segment were Mankind Pharma, National Aluminium Company and Vedanta. On the other hand, the top losers were Waaree Energies, Premier Energies and Indian Railway Finance Corporation. 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 4.68% and reached 13.49. The 50 share Nifty up by 57.85 point or 0.23% to settle at 25,482.50.

Nifty March 2026 futures closed at 25624.90 (LTP) on Wednesday, at a premium of 142.40 points over spot closing of 25482.50, while Nifty April 2026 futures ended at 25791.00 (LTP), at a premium of 308.50 points over spot closing. Nifty March futures saw a contraction of 4,813 units, taking the total open interest (Contracts) to 2,01,410 units. The near month derivatives contract will expire on March 30, 2026. (Provisional)

From the most active contracts, Waaree Energies March 2026 futures traded at a discount of 2.00 points at 2703.00 (LTP) compared with spot closing of 2705.00. The numbers of contracts traded were 50,864. (Provisional)

Infosys March 2026 futures traded at a premium of 0.70 points at 1290.60 (LTP) compared with spot closing of 1289.90. The numbers of contracts traded were 46,393. (Provisional)

State Bank of India March 2026 futures traded at a premium of 7.80 points at 1207.10 (LTP) compared with spot closing of 1199.30. The numbers of contracts traded were 26,135. (Provisional)

HDFC Bank March 2026 futures traded at a premium of 6.80 points at 914.20 (LTP) compared with spot closing of 907.40. The numbers of contracts traded were 25,960. (Provisional)

Tata Consultancy Services March 2026 futures traded at a premium of 11.90 points at 2640.90 (LTP) compared with spot closing of 2629.00. The numbers of contracts traded were 24,752. (Provisional)

Among, Nifty calls, 26000 SP from the March month expiry was the most active call with a contraction of 1,665 units open interests. Among Nifty puts, 25500 SP from the March month expiry was the most active put with an addition of 5,396 units open interests. The maximum OI outstanding for Calls was at 26000 SP (88,990 units) and that for Puts was at 25000 SP (99,055 units). The respective Support and Resistance levels of Nifty are: Resistance 25614.00 -- Pivot Point 25521.10 -- Support 25389.60.

The Nifty Put Call Ratio (PCR) finally stood at (1.31) for March month contract. The top five scrips with highest PCR on Lodha Developers (2.64), Dalmia Bharat (1.82), Bajaj Finserv (1.26), Prestige Estates Projects (1.23) and The Phoenix Mills (1.22).

Among most active underlying Infosys witnessed an addition of 10,871 units of Open Interest in the March month future, Waaree Energies witnessed an addition of 13,809 units of Open Interest in the March month future, State Bank of India witnessed an addition of 664 units of Open Interest in the March month futures, Tata Steel witnessed an addition of 330 units of Open Interest in the March month futures and Reliance Industries witnessed an addition of 2,802 units of Open Interest in the March month futures. (Provisional).