Indian equity benchmark -- Nifty -- extended its winning streak for fourth straight session amid rising hopes for US fed rate cut, after US GDP data showing that the U.S. economy shrank by more than estimated in the first quarter. Index made a flat-to-positive start followed by mixed cues from other Asian markets. In late morning session, index gained traction and touched intra-day high. Some optimism came from RBI report stating that the sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries. Also, traders took note of exchange data showed that Foreign Institutional Investors (FIIs) bought equities worth Rs 12,594.38 crore on Thursday. In afternoon session, index maintained its gains at day’s high till the end of the session and closed above 25,600 mark.

Traders were seen piling up positions in Oil & Gas, Pharma and PSU Bank stocks, while selling was witnessed in Realty, IT and Consumer Durables. The top gainers from the F&O segment were Adani Total Gas, Torrent Pharmaceuticals, and Hindustan Petroleum Corporation. On the other hand, the top losers were Oberoi Realty, The Phoenix Mills and Aditya Birla Capital. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 24900 - 25100 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 12.39. The 50 share Nifty up by 88.80 point or 0.35% to settle at 25,637.80.

Nifty July 2025 futures closed at 25757.00 (LTP) on Friday, at a premium of 119.20 points over spot closing of 25637.80, while Nifty August 2025 futures ended at 25860.00 (LTP), at a premium of 222.20 points over spot closing. Nifty July futures saw an additional of 3,384 units, taking the total open interest (Contracts) to 2,01,205 units. The near month derivatives contract will expire on July 31, 2025. (Provisional) 

From the most active contracts, ICICI Bank July 2025 futures traded at a premium of 5.90 points at 1463.80 (LTP) compared with spot closing of 1457.90. The numbers of contracts traded were 35,333. (Provisional) 

State Bank of India July 2025 futures traded at a premium of 4.35 points at 808.90 (LTP) compared with spot closing of 804.55. The numbers of contracts traded were 32,175. (Provisional) 

Bajaj Finance July 2025 futures traded at a premium of 4.00 points at 948.00 (LTP) compared with spot closing of 944.00. The numbers of contracts traded were 30,677. (Provisional) 

IndusInd Bank July 2025 futures traded at a premium of 6.75 points at 867.05 (LTP) compared with spot closing of 860.30. The numbers of contracts traded were 29,638. (Provisional) 

Dixon Technologies (India) July 2025 futures traded at a premium of 98.00 points at 14608.00 (LTP) compared with spot closing of 14510.00. The numbers of contracts traded were 28,291. (Provisional)

Among, Nifty calls, 26000 SP from the July month expiry was the most active call with a contraction of 8,491 units open interests. Among Nifty puts, 23500 SP from the July month expiry was the most active put with a contraction of 2,107 units open interests. The maximum OI outstanding for Calls was at 25000 SP (43,974 units) and that for Puts was at 25000 SP (87,275 units). The respective Support and Resistance levels of Nifty are: Resistance 25686.82 -- Pivot Point 25605.18 -- Support 25556.17.

The Nifty Put Call Ratio (PCR) finally stood at (1.29) for July month contract. The top five scrips with highest PCR on APL Apollo Tubes (1.72), Cholamandalam Investment and Finance Company (1.31), Blue Star (1.26), Dabur India (1.16) and Coal India (1.15).

Among most active underlying ICICI Bank witnessed an additional of 11,532 units of Open Interest in the July month future, HDFC Bank witnessed an additional of 4,948 units of Open Interest in the July month future, Dixon Technologies (India) witnessed an additional 4,109 units of Open Interest in the July month futures, Bajaj Finance witnessed an additional of 6,371 units of Open Interest in the July month futures and State Bank of India witnessed an additional of 4,553 units of Open Interest in the July month futures. (Provisional).