Indian equity benchmark -- Nifty -- ended sharply higher on Monday despite rising geopolitical tensions. Index made a flat-to-positive start followed by mixed cues from other Asian Markets. Soon, index gained traction and traded higher in late morning session. Despite looming concerns over Israel-Iran war, traders opted to buy fundamentally good stock at lower valuation after two days of losses. In afternoon session, index continued its trade near day’s high and closed near 24,950 mark. Market participants took support from positive wholesale price inflation (WPI) data. Wholesale price inflation declined to 0.39 per cent in May as prices of food articles, manufactured products, and fuel eased. WPI-based inflation was 0.85 per cent in April. It was 2.74 per cent in May last year.

All sectorial indices ended in green. The top gainers from the F&O segment were Indraprastha Gas, Supreme Industries, and PI Industries. On the other hand, the top losers were Bajaj Finance, Tata Motors and HFCL. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24400 - 24600 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.60% and reached 14.84. The 50 share Nifty up by 227.90 point or 0.92% to settle at 24,946.50.

Nifty June 2025 futures closed at 24998.00 (LTP) on Monday, at a premium of 51.50 points over spot closing of 24946.50, while Nifty July 2025 futures ended at 25119.00 (LTP), at a premium of 172.50 points over spot closing. Nifty June futures saw an additional of 2,804 units, taking the total open interest (Contracts) to 1,60,476 units. The near month derivatives contract will expire on June 26, 2025. (Provisional) 

From the most active contracts, Tata Motors June 2025 futures traded at a discount of 0.55 points at 684.75 (LTP) compared with spot closing of 685.30. The numbers of contracts traded were 61,539. (Provisional) 

State Bank of India June 2025 futures traded at a premium of 1.95 points at 794.95 (LTP) compared with spot closing of 793.00. The numbers of contracts traded were 28,236. (Provisional) 

Infosys June 2025 futures traded at a discount of 0.10 points at 1622.00 (LTP) compared with spot closing of 1622.10. The numbers of contracts traded were 20,293. (Provisional) 

Oil & Natural Gas Corporation June 2025 futures traded at a premium of 0.73 points at 256.97 (LTP) compared with spot closing of 256.24. The numbers of contracts traded were 19,553. (Provisional) 

ICICI Bank June 2025 futures traded at a premium of 5.10 points at 1433.00 (LTP) compared with spot closing of 1427.90. The numbers of contracts traded were 18,833. (Provisional)

Among, Nifty calls, 25000 SP from the June month expiry was the most active call with a contraction of 5,237 units open interests. Among Nifty puts, 24500 SP from the June month expiry was the most active put with an additional of 14,101 units open interests. The maximum OI outstanding for Calls was at 26000 SP (85,017 units) and that for Puts was at 24500 SP (76,233 units). The respective Support and Resistance levels of Nifty are: Resistance 25041.20 -- Pivot Point 24872.40 -- Support 24777.70.

The Nifty Put Call Ratio (PCR) finally stood at (1.03) for June month contract. The top five scrips with highest PCR on NCC (1.29), AU Small Finance Bank (1.20), APL Apollo Tubes (1.13), Solar Industries India (1.11) and Max Financial Services (1.06).

Among most active underlying Tata Motors witnessed an additional of 18,863 units of Open Interest in the June month future, ICICI Bank witnessed an additional of 5,486 units of Open Interest in the June month future, Bharat Electronics witnessed an additional 428 units of Open Interest in the June month futures, HDFC Bank witnessed an additional of 1,840 units of Open Interest in the June month futures and State Bank of India witnessed an additional of 4,761units of Open Interest in the June month futures. (Provisional).