Extending gaining streak for third consecutive session, Indian equity benchmark -- Nifty ended higher on Tuesday amid potential hopes of deescalation in West Asia tensions and strong Q4 earnings. Index made a positive start tracking firm cues from other Asian markets. Soon, index gained traction and continued its firm trade till the end of the session. Sentiments were upbeat with the United Nations’s latest report stating that India's economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027. It stated that economies in South and South-West Asia grew by 5.4 per cent in 2025, compared to 5.2 per cent in 2024, driven largely by strong growth in India. Besides, strong performance by banking stocks like ICICI Bank, HDFC Bank, and Axis Bank lead the market gain.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 6.69% and reached 17.53. The 50 share Nifty up by 211.75 point or 0.87% to settle at 24,576.60.

Nifty April 2026 futures closed at 24585.50 (LTP) on Tuesday, at a premium of 8.90 points over spot closing of 24576.60, while Nifty May 2026 futures ended at 24718.00 (LTP), at a premium of 141.40 points over spot closing. Nifty April futures saw an addition of 1,384 units, taking the total open interest (Contracts) to 2,58,865 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 discount of 1.55 points at 810.45 (LTP) compared with spot closing of 812.00. The numbers of contracts traded were 84,615. (Provisional)

Nestle India April 2026 futures traded at a discount of 1.90 points at 1393.00 (LTP) compared with spot closing of 1394.90. The numbers of contracts traded were 33,587. (Provisional)

ICICI Bank April 2026 futures traded at a discount of 0.40 points at 1385.20 (LTP) compared with spot closing of 1385.60. The numbers of contracts traded were 25,087. (Provisional)

Trent April 2026 futures traded at a premium of 14.90 points at 4420.00 (LTP) compared with spot closing of 4405.10. The numbers of contracts traded were 23,988. (Provisional)

PNB Housing Finance April 2026 futures traded at a premium of 2.00 points at 981.00 (LTP) compared with spot closing of 979.00. The numbers of contracts traded were 18,792. (Provisional)

Among, Nifty calls, 25000 SP from the April month expiry was the most active call with an addition of 22,248 units open interests. Among Nifty puts, 24500 SP from the April month expiry was the most active put with an addition of 47,045 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,60,058 units) and that for Puts was at 24000 SP (1,13,945 units). The respective Support and Resistance levels of Nifty are: Resistance 24667.23 -- Pivot Point 24511.07 -- Support 24420.43.

The Nifty Put Call Ratio (PCR) finally stood at (1.16) for April month contract. The top five scrips with highest PCR on Hitachi Energy India (1.29), GAIL (India) (1.26), Tata Consumer Products (1.19), BSE (1.17), and Page Industries (1.15).

Among most active underlying HDFC Bank witnessed an addition of 9,978 units of Open Interest in the April month futures, ICICI Bank witnessed an addition of 2,639 units of Open Interest in the April month future, Nestle India witnessed an addition of 1,864 units of Open Interest in the April month future, Reliance Industries witnessed an addition of 3,511 units of Open Interest in the April month futures and Kotak Mahindra Bank witnessed an addition of 13,928 units of Open Interest in the April month futures. (Provisional).