Snapping three-day losing streak, Indian equity benchmark -- Nifty settled with gains over of a percent on Monday. Index made a cautious start and soon turned volatile during the morning deals, weighed down by massive foreign funds outflow and surging crude oil prices amid geopolitical jitters. As per exchange data, foreign institutional investors offloaded equities worth Rs 10,716.64 crore on March 13, 2026. However, in second half of the session, market wiped out all losses and started climbing higher as traders opted to buy fundamentally good stocks as lower levels. Meanwhile, there was encouragement in markets after Union Minister Piyush Goyal said that India is well-placed to deal with any situation on crude oil and fuel, as the West Asia crisis disrupts gas shipments and shipping routes, and highlighted that the government has ramped up kerosene production to provide an alternate option for the common man. Finally, Nifty ended the session above 23,400 mark.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 4.60% and reached 21.60. The 50 share Nifty up by 257.70 point or 1.11% to settle at 23,408.80.

Nifty March 2026 futures closed at 23390.00 (LTP) on Monday, at a discount of 18.80 points over spot closing of 23408.80, while Nifty April 2026 futures ended at 23538.60 (LTP), at a premium of 129.80 points over spot closing. Nifty March futures saw a contraction of 16,061 units, taking the total open interest (Contracts) to 2,91,087 units. The near month derivatives contract will expire on March 30, 2026. (Provisional)

From the most active contracts, HDFC Bank March 2026 futures traded flat with its spot closing of 838.80. The numbers of contracts traded were 69,643. (Provisional)

Reliance Industries March 2026 futures traded at a premium of 2.60 points at 1396.60 (LTP) compared with spot closing of 1394.00. The numbers of contracts traded were 34,684. (Provisional)

Larsen and Toubro March 2026 futures traded at a premium of 7.00 points at 3467.00 (LTP) compared with spot closing of 3460.00. The numbers of contracts traded were 27,895. (Provisional)

ICICI Bank March 2026 futures traded at a premium of 4.10 points at 1271.70 (LTP) compared with spot closing of 1267.60. The numbers of contracts traded were 25,583. (Provisional)

Tata Consultancy Services March 2026 futures traded at a premium of 2.20 points at 2403.20 (LTP) compared with spot closing of 2401.00. The numbers of contracts traded were 23,632. (Provisional)

Among, Nifty calls, 24000 SP from the March month expiry was the most active call with a contraction of 476 units open interests. Among Nifty puts, 23000 SP from the March month expiry was the most active put with a contraction of 2,350 units open interests. The maximum OI outstanding for Calls was at 26000 SP (93,666 units) and that for Puts was at 22000 SP (71,074 units). The respective Support and Resistance levels of Nifty are: Resistance 23622.12 -- Pivot Point 23288.68 -- Support 23075.37.

The Nifty Put Call Ratio (PCR) finally stood at (1.07) for March month contract. The top five scrips with highest PCR on RBL Bank (1.11), Jindal Steel (1.09), Dalmia Bharat (1.02), GAIL (India) (1.01), and REC (0.98).

Among most active underlying HDFC Bank witnessed an addition of 3,872 units of Open Interest in the March month future, Reliance Industries witnessed an addition of 8,463 units of Open Interest in the March month future, ICICI Bank witnessed an addition of 4,974 units of Open Interest in the March month futures, State Bank of India witnessed an addition of 972 units of Open Interest in the March month futures and Larsen & Toubro witnessed an addition of 5,665 units of Open Interest in the March month futures. (Provisional).