Indian equity benchmark -- Nifty -- ended at day’s high on Friday ahead of upcoming quarterly results season. Index made a flat-to-positive start following overnight gains on Wall Street as better than expected US employment data eased concern over US economic slowdown. Soon, index turned volatile and started wavering in red and green terrain. Some cautiousness came with exchange data which showed Foreign Institutional Investors (FIIs) sold equities worth Rs 1,771.25 crore on Thursday. Market participants avoided risky bid ahead of Trump’s tariff deadline and expected US-India interim trade deal. In second half, index slipped below its neutral line. However, in late afternoon session, index erased all its losses and entered in green terrain to end at day’s high. Traders took note of Moody’s Ratings in its outlook on Asia Pacific sovereigns said that India may be subject to lower tariffs than many countries in the Asia Pacific (APAC), which could help the economy attract further investment and become a global manufacturing base.

Most of the sectorial indices ended in green except Metal and Auto stocks. The top gainers from the F&O segment were Bosch, Bharat Petroleum Corporation, and Indraprastha Gas. On the other hand, the top losers were Trent, BSE and Angel One. 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 0.56% and reached 12.32. The 50 share Nifty up by 55.70 point or 0.22% to settle at 25,461.00.

Nifty July 2025 futures closed at 25552.00 (LTP) on Friday, at a premium of 91.00 points over spot closing of 25461.00, while Nifty August 2025 futures ended at 25659.00 (LTP), at a premium of 198.00 points over spot closing. Nifty July futures saw a contraction of 472 units, taking the total open interest (Contracts) to 1,82,215 units. The near month derivatives contract will expire on July 31, 2025. (Provisional)

From the most active contracts, Trent July 2025 futures traded at a premium of 17.00 points at 5504.00 (LTP) compared with spot closing of 5487.00. The numbers of contracts traded were 69,507. (Provisional)

BSE July 2025 futures traded at a premium of 1.00 points at 2640.00 (LTP) compared with spot closing of 2639.00. The numbers of contracts traded were 32,051. (Provisional)

Bajaj Finance July 2025 futures traded at a premium of 5.00 points at 931.00 (LTP) compared with spot closing of 926.00. The numbers of contracts traded were 20,712. (Provisional)

Hindustan Aeronautics July 2025 futures traded at a premium of 27.40 points at 5019.40 (LTP) compared with spot closing of 4992.00. The numbers of contracts traded were 17,410. (Provisional)

Infosys July 2025 futures traded at a premium of 3.30 points at 1643.00 (LTP) compared with spot closing of 1639.70. The numbers of contracts traded were 15,549. (Provisional)

Among, Nifty calls, 26000 SP from the July month expiry was the most active call with an additional of 3,546 units open interests. Among Nifty puts, 25500 SP from the July month expiry was the most active put with a contraction of 997 units open interests. The maximum OI outstanding for Calls was at 26000 SP (64,136 units) and that for Puts was at 25000 SP (87,827 units). The respective Support and Resistance levels of Nifty are: Resistance 25510.28 -- Pivot Point 25420.97 -- Support 25371.68.

The Nifty Put Call Ratio (PCR) finally stood at (1.18) for July month contract. The top five scrips with highest PCR on Blue Star (1.27), One97 Communications (1.23), Syngene International (1.06), Dabur India (1.03) and Polycab India (1.01).

Among most active underlying Trent witnessed an additional of 26,588 units of Open Interest in the July month future, BSE witnessed an additional of 6,321 units of Open Interest in the July month future, Bajaj Finance witnessed a contraction of 565 units of Open Interest in the July month futures, Hindustan Aeronautics witnessed a contraction of 2,634 units of Open Interest in the July month futures and HDFC Bank witnessed an additional of 1,432 units of Open Interest in the July month futures. (Provisional).