Indian equity benchmark -- Nifty continued its positive trade for fourth consecutive day and ended higher by over half percent on Tuesday. Index made a negative start and continued its choppy trade near neutral line during morning session as traders avoided risky bids ahead of weekly F&O expiry. Further, growing uncertainty about the fate of Middle East war dented investors' sentiment. However, in second half of the session, index staged recovery and continued its firm trade in green terrain till the end of the session. Traders found some solace with Finance Minister Nirmala Sitharaman’s statement that strong fiscal discipline has given India enough flexibility to increase capital expenditure, support sectors affected by the West Asia crisis, and allow the Reserve Bank of India to consider further rate cuts. Meanwhile, some support also came after reports indicated that the government is considering a Rs 2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis.

Most of the sectorial indices ended in green led by IT, Realty and Metal. The top gainers from the F&O segment were MphasiS, Fortis Healthcare and Wipro. On the other hand, the top losers were Jubilant Foodworks, Force Motors and Biocon. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 3.03% and reached 24.70. The 50 share Nifty up by 155.40 point or 0.68% to settle at 23,123.65.

Nifty April 2026 futures closed at 23165.00 (LTP) on Tuesday, at a premium of 41.35 points over spot closing of 23123.65, while Nifty May 2026 futures ended at 23315.00 (LTP), at a premium of 191.35 points over spot closing. Nifty April futures saw an addition of 13,522 units, taking the total open interest (Contracts) to 3,44,321 units. The near month derivatives contract will expire on April 28, 2026. (Provisional)

From the most active contracts, HDFC Bank April 2026 futures traded at a premium of 1.25 points at 773.65 (LTP) compared with spot closing of 772.40. The numbers of contracts traded were 42,110. (Provisional)

Reliance Industries April 2026 futures traded at a premium of 2.70 points at 1310.00 (LTP) compared with spot closing of 1307.30. The numbers of contracts traded were 29,673. (Provisional)

Infosys April 2026 futures traded at a discount of 4.00 points at 1336.00 (LTP) compared with spot closing of 1340.00. The numbers of contracts traded were 27,098. (Provisional)

ICICI Bank April 2026 futures traded at a premium of 1.50 points at 1250.00 (LTP) compared with spot closing of 1248.50. The numbers of contracts traded were 23,530. (Provisional)

Tata Consultancy Services April 2026 futures traded at a premium of 1.10 points at 2544.60 (LTP) compared with spot closing of 2543.50. The numbers of contracts traded were 23,202. (Provisional)

Among, Nifty calls, 23000 SP from the April month expiry was the most active call with an addition of 291 units open interests. Among Nifty puts, 23000 SP from the April month expiry was the most active put with an addition of 3,880 units open interests. The maximum OI outstanding for Calls was at 24000 SP (74,113 units) and that for Puts was at 23000 SP (76,532 units). The respective Support and Resistance levels of Nifty are: Resistance 23278.57-- Pivot Point 22998.93 -- Support 22844.02.

The Nifty Put Call Ratio (PCR) finally stood at (0.96) for April month contract. The top five scrips with highest PCR on Tata Consumer Products (2.25), SBI Life Insurance Company (2.07), Dalmia Bharat (1.60), Britannia Industries (1.43), and Asian Paints (1.34).

Among most active underlying Reliance Industries witnessed a contraction of 1,236 units of Open Interest in the April month futures, ICICI Bank witnessed an addition of 4,981 units of Open Interest in the April month future, HDFC Bank witnessed an addition of 8,017 units of Open Interest in the April month future, Infosys witnessed an addition of 5,310 units of Open Interest in the April month futures and State Bank of India witnessed an addition of 814 units of Open Interest in the April month futures. (Provisional).