Indian equity benchmark -- Nifty -- ended marginally lower on Tuesday amid prevailing uncertainty over interim trade deal between the U.S. and India. Index made a positive start amid strong private banks earnings and better than expected Eternal result lifted investors’ sentiments. In a little while, index erased all its initial gains and turned volatile. Some cautiousness came with the government data showed that India's eight core infrastructure sectors' growth slowed down to 1.7 per cent in June 2025 from 5 per cent in the same month last year. Sentiments remained weak as traders avoid risky bid ahead of US President Donald Trump’s reciprocal tariff deadline on August 1.

In afternoon session, index continued its range bound trade near neutral line for most part of the session.  Traders took note of report that Vice Chairman (VC) of NITI Aayog Suman Bery said that India's sustained economic growth makes it an anchor of stability for the world, which needs new engines of growth and development models that can be scaled and shared. However, in last leg of the trade, index added some losses and closed below 25,100 mark.

All sectorial indices ended in red. The top gainers from the F&O segment were Eternal, Info Edge (India), and Angel One. On the other hand, the top losers were 360 One Wam, Aarti Industries and AU Small Finance Bank. In the index option segment, maximum OI continues to be seen in the 25400 - 25600 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 4.01% and reached 10.75. The 50 share Nifty down by 29.80 point or 0.12% to settle at 25,060.90.

Nifty July 2025 futures closed at 25095.00 (LTP) on Tuesday, at a premium of 34.10 points over spot closing of 25060.90, while Nifty August 2025 futures ended at 25191.10 (LTP), at a premium of 130.20 points over spot closing. Nifty July futures saw an additional of 1,553 units, taking the total open interest (Contracts) to 1,78,680 units. The near month derivatives contract will expire on July 31, 2025. (Provisional)

From the most active contracts, ETERNAL July 2025 futures traded at a premium of 1.25 points at 301.00 (LTP) compared with spot closing of 299.75. The numbers of contracts traded were 67,644. (Provisional)

Reliance Industries July 2025 futures traded at a premium of 3.40 points at 1417.20 (LTP) compared with spot closing of 1413.80. The numbers of contracts traded were 23,122. (Provisional)

State Bank of India July 2025 futures traded at a premium of 0.80 points at 815.45 (LTP) compared with spot closing of 814.65. The numbers of contracts traded were 22,848. (Provisional)

IndusInd Bank July 2025 futures traded at a premium of 3.15 points at 852.10 (LTP) compared with spot closing of 848.95. The numbers of contracts traded were 20,716. (Provisional)

Infosys July 2025 futures traded at a premium of 4.40 points at 1579.40 (LTP) compared with spot closing of 1575.00. The numbers of contracts traded were 20,620. (Provisional)

Among, Nifty calls, 25500 SP from the July month expiry was the most active call with an additional of 2,829 units open interests. Among Nifty puts, 25000 SP from the July month expiry was the most active put with an additional of 5,737 units open interests. The maximum OI outstanding for Calls was at 25500 SP (81,838 units) and that for Puts was at 25000 SP (75,769 units). The respective Support and Resistance levels of Nifty are: Resistance 25150.08 -- Pivot Point 25092.82 -- Support 25003.63.

The Nifty Put Call Ratio (PCR) finally stood at (0.92) for July month contract. The top five scrips with highest PCR on Indian Energy Exchange (2.36), Laurus Labs (1.19), Havells India (1.09), Eternal (1.07) and Dabur India (1.03).

Among most active underlying ETERNAL witnessed an additional of 11,994 units of Open Interest in the July month future, Reliance Industries witnessed an additional of 3,735 units of Open Interest in the July month future, HDFC Bank witnessed a contraction of 1,017 units of Open Interest in the July month futures, ICICI Bank witnessed an additional of 1,339 units of Open Interest in the July month futures and Havells India witnessed a contraction of 2,107 units of Open Interest in the July month futures. (Provisional).