Indian equity benchmark -- Nifty -- snapped two-day losing streak on Thursday and ended the session in green amid value buying in last hour of trade. Index made a negative start after U.S. President Donald Trump signed an executive order imposing an additional 25 per cent tariff on India as a penalty in response to its continued purchase of Russian oil. The additional 25 per cent tariffs will take effect in 21 days. Soon, index extended its losses and continued to trade in red terrain. Some cautiousness came amid foreign fund outflows as exchange data showed that Foreign Institutional Investors (FIIs) sold equities worth Rs 4,999.10 crore on August 06. In second half of the session, index intensified its losses and touched day’s low. However, the index soon recovered from the day’s low and entered green terrain in the final hours of trade. Market participants opted to buy fundamentally good stocks at lower levels after two days of losses. Finally, index closed above 24,550 mark.

Most of the sectorial indices ended in green except Oil & Gas and Realty stocks. The top gainers from the F&O segment were Lupin, NCC and Hero MotoCorp. On the other hand, the top losers were Bharat Heavy Electricals, Adani Enterprises and Indus Towers. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 2.27% and reached 11.69. The 50 share Nifty up by 21.95 point or 0.09% to settle at 24,596.15.

Nifty August 2025 futures closed at 24715.00 (LTP) on Thursday, at a premium of 118.85 points over spot closing of 24596.15, while Nifty September 2025 futures ended at 24842.00 (LTP), at a premium of 245.85 points over spot closing. Nifty August futures saw an addition of 4,717 units, taking the total open interest (Contracts) to 2,27,140 units. The near month derivatives contract will expire on August 28, 2025. (Provisional)

From the most active contracts, ETERNAL August 2025 futures traded at a premium of 1.55 points at 304.75 (LTP) compared with spot closing of 303.20. The numbers of contracts traded were 60,494. (Provisional)

Infosys August 2025 futures traded flat with its spot closing of 1441.00. The numbers of contracts traded were 29,618. (Provisional)

Trent August 2025 futures traded at a premium of 31.00 points at 5347.00 (LTP) compared with spot closing of 5316.00. The numbers of contracts traded were 25,794. (Provisional)

Reliance Industries August 2025 futures traded at a premium of 2.00 points at 1393.00 (LTP) compared with spot closing of 1391.00. The numbers of contracts traded were 25,713. (Provisional)

State Bank of India August 2025 futures traded at a premium of 3.80 points at 809.40 (LTP) compared with spot closing of 805.60. The numbers of contracts traded were 25,424. (Provisional)

Among, Nifty calls, 25000 SP from the August month expiry was the most active call with an addition of 2,343 units open interests. Among Nifty puts, 24500 SP from the August month expiry was the most active put with a contraction of 335 units open interests. The maximum OI outstanding for Calls was at 25000 SP (81,544 units) and that for Puts was at 24000 SP (52,762 units). The respective Support and Resistance levels of Nifty are: Resistance 24705.52 -- Pivot Point 24524.83 -- Support 24415.47.

The Nifty Put Call Ratio (PCR) finally stood at (0.99) for August month contract. The top five scrips with highest PCR on Torrent Power (1.07), Crompton Greaves Consumer Electricals (1.05), Cummins India (1.05), Bank of Baroda (1.04) and Petronet LNG (1.02).

Among most active underlying ETERNAL witnessed an addition of 24,364 units of Open Interest in the August month future, Reliance Industries witnessed an addition of 3,992 units of Open Interest in the August month future, HDFC Bank witnessed an addition of 2,918 units of Open Interest in the August month futures, Infosys witnessed an addition of 10,642 units of Open Interest in the August month futures and ICICI Bank witnessed an addition of 2,153 units of Open Interest in the August month futures. (Provisional).