Erasing previous session’s losses, Indian equity benchmark -- Nifty settled with gain of over a percent on Friday. Index made a positive start following firm cues from other Asian markets. Soon, index extended its gains, driven by hectic buying in financial stocks as market participants opted fundamentally good stocks at lower levels. Further, sentiments got boost as Principal Secretary to the Prime Minister, Shaktikanta Das stated that India has consistently shown remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger. Besides, traders took note of Asian Development Bank’s (ADB) report that projected India's GDP growth to remain robust at 6.9 per cent in the current fiscal, and rise to 7.3 per cent in next fiscal year driven by strong domestic demand, and supported by easing financing conditions and lower US tariffs on Indian goods. Afterwards, index added further gains and ended the session above 24,050 mark.

Most of the sectorial indices ended in green led by Auto, Realty, and PSU Bank. The top gainers from the F&O segment were Adani Energy Solutions, Sona BLW Precision Forgings and Nippon Life India Asset Management. On the other hand, the top losers were Coal India, Sun Pharmaceutical Industries and Coforge. 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 7.72% and reached 18.85. The 50 share Nifty up by 275.50 point or 1.16% to settle at 24,050.60.

Nifty April 2026 futures closed at 24110.00 (LTP) on Friday, at a premium of 59.40 points over spot closing of 24050.60, while Nifty May 2026 futures ended at 24229.00 (LTP), at a premium of 178.40 points over spot closing. Nifty April futures saw a contraction of 8,048 units, taking the total open interest (Contracts) to 2,96,180 units. The near month derivatives contract will expire on April 28, 2026. (Provisional)

From the most active contracts, Tata Consultancy Services April 2026 futures traded at a discount of 14.70 points at 2508.30 (LTP) compared with spot closing of 2523.00. The numbers of contracts traded were 63,195. (Provisional)

Infosys April 2026 futures traded at a discount of 0.40 points at 1291.00 (LTP) compared with spot closing of 1291.40. The numbers of contracts traded were 40,062. (Provisional)

HDFC Bank April 2026 futures traded at a premium of 1.00 points at 811.10 (LTP) compared with spot closing of 810.10. The numbers of contracts traded were 38,401. (Provisional)

Reliance Industries April 2026 futures traded at a premium of 4.00 points at 1354.00 (LTP) compared with spot closing of 1350.00. The numbers of contracts traded were 22,958. (Provisional)

Wipro April 2026 futures traded at a discount of 2.78 points at 201.82 (LTP) compared with spot closing of 204.60. The numbers of contracts traded were 22,538. (Provisional)

Among, Nifty calls, 24000 SP from the April month expiry was the most active call with a contraction of 5,149 units open interests. Among Nifty puts, 24000 SP from the April month expiry was the most active put with an addition of 6,861 units open interests. The maximum OI outstanding for Calls was at 24000 SP (67,981 units) and that for Puts was at 23000 SP (79,904 units). The respective Support and Resistance levels of Nifty are: Resistance 24130.98 -- Pivot Point 23993.67 -- Support 23913.28.

The Nifty Put Call Ratio (PCR) finally stood at (1.03) for April month contract. The top five scrips with highest PCR on Tata Consumer Products (1.48), Nippon Life India Asset Management (1.41), Dalmia Bharat (1.36), SBI Life Insurance Company (1.34), and Polycab India (1.15).

Among most active underlying Tata Consultancy Services witnessed an addition of 23,656 units of Open Interest in the April month futures, Infosys witnessed an addition of 15,201 units of Open Interest in the April month future, ICICI Bank witnessed an addition of 3,996 units of Open Interest in the April month future, HDFC Bank witnessed a contraction of 88 units of Open Interest in the April month futures and Reliance Industries witnessed an addition of 2,193 units of Open Interest in the April month futures. (Provisional).