Indian equity benchmark -- Nifty -- ended flat amid Trump’s tariff uncertainty. Index made a flat-to-negative start followed by broadly negative cues from other Asian markets. Soon, index turned volatile and started wavering in green and red terrain. Traders avoided risky bids ahead of US President Donald Trump’s tariff deadline and ahead of Q1 result season. Further, continued FIIs outflow dampened investors’ sentiments. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 760.11 crore on Friday, according to exchange data. Some concerns also came as Economic think tank GTRI cautioned that allowing genetically modified (GM) farm products from the US under the proposed trade pact would have implications for India as it may affect the country's agri exports to regions like the European Union. In afternoon session, index continued its choppy trade near neutral line till the end of the session and closed below 25,500 mark.

Most of the sectorial indices ended in red except FMCG, Oil & Gas and Realty stocks. The top gainers from the F&O segment were Godrej Consumer Products, Dabur India, and Cummins India. On the other hand, the top losers were Indus Towers, Jubilant Foodworks and Info Edge (India). 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 increased by 1.98% and reached 12.56. The 50 share Nifty up by 0.30 point or 0.001% to settle at 25,461.30.

Nifty July 2025 futures closed at 25541.10 (LTP) on Monday, at a premium of 79.80 points over spot closing of 25461.30, while Nifty August 2025 futures ended at 25655.00 (LTP), at a premium of 193.70 points over spot closing. Nifty July futures saw an additional of 1,112 units, taking the total open interest (Contracts) to 1,80,640 units. The near month derivatives contract will expire on July 31, 2025. (Provisional)

From the most active contracts, Hindustan Unilever July 2025 futures traded at a premium of 7.30 points at 2416.00 (LTP) compared with spot closing of 2408.70. The numbers of contracts traded were 18,648. (Provisional)

Reliance Industries July 2025 futures traded at a premium of 4.50 points at 1545.00 (LTP) compared with spot closing of 1540.50. The numbers of contracts traded were 15,401. (Provisional)

Godrej Consumer Products July 2025 futures traded at a premium of 6.90 points at 1276.00 (LTP) compared with spot closing of 1269.10. The numbers of contracts traded were 15,148. (Provisional)

Dixon Technologies (India) July 2025 futures traded at a premium of 84.00 points at 15485.00 (LTP) compared with spot closing of 15401.00. The numbers of contracts traded were 13,928. (Provisional)

Dabur India July 2025 futures traded at a discount of 3.20 points at 509.30 (LTP) compared with spot closing of 512.50. The numbers of contracts traded were 13,557. (Provisional)

Among, Nifty calls, 26000 SP from the July month expiry was the most active call with an additional of 837 units open interests. Among Nifty puts, 25000 SP from the July month expiry was the most active put with a contraction of 476 units open interests. The maximum OI outstanding for Calls was at 26000 SP (65,276 units) and that for Puts was at 25000 SP (87,204 units). The respective Support and Resistance levels of Nifty are: Resistance 25498.32 -- Pivot Point 25452.78 -- Support 25415.77.

The Nifty Put Call Ratio (PCR) finally stood at (1.20) for July month contract. The top five scrips with highest PCR on One97 Communications (1.24), Blue Star (1.22), Dabur India (1.04), Havells India (1.02) and Syngene International (1.01).

Among most active underlying Hindustan Unilever witnessed a contraction of 699 units of Open Interest in the July month future, Bharat Electronics witnessed an additional of 1,299 units of Open Interest in the July month future, Dixon Technologies (India) witnessed a contraction of 493 units of Open Interest in the July month futures, Reliance Industries  witnessed an additional of 2,872 units of Open Interest in the July month futures and BSE witnessed an additional of 924 units of Open Interest in the July month futures. (Provisional).