Indian equity benchmark -- Nifty -- ended marginally higher on Tuesday amid ongoing developments over Donald trump’s tariff ahead of July 09, 2025 deadline. Index made a flat-to-positive start followed by broadly positive cues from other Asian markets. Some cautiousness came as India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon. Soon, index gained some traction in green terrain but it proved short-lived and markets trimmed most of their gains to trade near neutral line. Traders took note of the government data showing that gross goods and services tax (GST) collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21. In afternoon session, market remained range-bound hovering near neutral line. Finally, index managed to hold its head above the neutral line and closed above 25,500 mark.

Traders were seen piling up positions in PSU Bank, Oil & Gas and Metal stocks, while selling was witnessed in Media, FMCG and IT. The top gainers from the F&O segment were IDFC First Bank, RBL Bank, and Amber Enterprises India. On the other hand, the top losers were PG Electroplast, NMDC and Fortis Healthcare. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 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 2.01% and reached 12.53. The 50 share Nifty up by 24.75 point or 0.09% to settle at 25,541.80.

Nifty July 2025 futures closed at 25638.00 (LTP) on Tuesday, at a premium of 96.20 points over spot closing of 25541.80, while Nifty August 2025 futures ended at 25760.00 (LTP), at a premium of 218.20 points over spot closing. Nifty July futures saw an additional of 3,142 units, taking the total open interest (Contracts) to 1,95,336 units. The near month derivatives contract will expire on July 31, 2025. (Provisional)

From the most active contracts, State Bank of India July 2025 futures traded at a premium of 3.35 points at 823.55 (LTP) compared with spot closing of 820.20. The numbers of contracts traded were 27,763. (Provisional)

Dixon Technologies (India) July 2025 futures traded at a premium of 59.00 points at 14738.00 (LTP) compared with spot closing of 14679.00. The numbers of contracts traded were 25,422. (Provisional)

Reliance Industries July 2025 futures traded at a premium of 4.20 points at 1531.00 (LTP) compared with spot closing of 1526.80. The numbers of contracts traded were 22,061. (Provisional)

Axis Bank July 2025 futures traded at a premium of 5.50 points at 1179.00 (LTP) compared with spot closing of 1173.50. The numbers of contracts traded were 19,738. (Provisional)

Bharat Electronics July 2025 futures traded at a premium of 2.50 points at 435.40 (LTP) compared with spot closing of 432.90. The numbers of contracts traded were 19,048. (Provisional)

Among, Nifty calls, 26000 SP from the July month expiry was the most active call with a contraction of 7 units open interests. Among Nifty puts, 25500 SP from the July month expiry was the most active put with an additional of 122 units open interests. The maximum OI outstanding for Calls was at 26000 SP (56,096 units) and that for Puts was at 25000 SP (88,841 units). The respective Support and Resistance levels of Nifty are: Resistance 25589.53 -- Pivot Point 25545.67 -- Support 25497.93.

The Nifty Put Call Ratio (PCR) finally stood at (1.24) for July month contract. The top five scrips with highest PCR on One97 Communications (1.27), Cholamandalam Investment and Finance Company (1.22), Syngene International (1.08), APL Apollo Tubes (1.05) and Dabur India (1.04).

Among most active underlying Bharat Electronics witnessed an additional of 2,083 units of Open Interest in the July month future, Dixon Technologies (India) witnessed an additional of 5,389 units of Open Interest in the July month future, Reliance Industries witnessed an additional 2,609 units of Open Interest in the July month futures, State Bank of India witnessed an additional of 2,748 units of Open Interest in the July month futures and ICICI Bank witnessed an additional of 2,633 units of Open Interest in the July month futures. (Provisional).