Indian equity benchmark -- Nifty -- ended sharply lower on Friday amid continued concerns over US President Donald Trump’s steep 50 percent tariff imposition on Indian exports. Index made a negative start after US President Donald Trump indicated that no further trade negotiations with India would take place unless the tariff matter resolved. Soon, index extended its losses and continued to trade in red terrain. Some cautiousness came with continued foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,997.19 crore on Thursday, according to exchange data. In afternoon session, index continued its choppy trade near day’s low point for most part of the session. In last leg of the trade, index extended its losses and closed below 24,400 mark.

All sectorial indices ended in red. The top gainers from the F&O segment were Indian Energy Exchange, Cummins India and Bharat Petroleum Corporation. On the other hand, the top losers were Nestle India, PG Electroplast and Kalyan Jewellers India. 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 increased by 2.95% and reached 12.03. The 50 share Nifty down by 232.85 point or 0.95% to settle at 24,363.30.

Nifty August 2025 futures closed at 24430.00 (LTP) on Friday, at a premium of 66.70 points over spot closing of 24363.30, while Nifty September 2025 futures ended at 24567.00 (LTP), at a premium of 203.70 points over spot closing. Nifty August futures saw a contraction of 10,084 units, taking the total open interest (Contracts) to 2,33,453 units. The near month derivatives contract will expire on August 28, 2025. (Provisional)

From the most active contracts, State Bank of India August 2025 futures traded at a premium of 2.00 points at 804.50 (LTP) compared with spot closing of 802.50. The numbers of contracts traded were 50,128. (Provisional)

Bharti Airtel August 2025 futures traded at a premium of 8.30 points at 1867.80 (LTP) compared with spot closing of 1859.50. The numbers of contracts traded were 38,002. (Provisional)

Kalyan Jewellers India August 2025 futures traded at a discount of 3.90 points at 527.95 (LTP) compared with spot closing of 531.85. The numbers of contracts traded were 24,229. (Provisional)

PG Electroplast August 2025 futures traded at a premium of 2.35 points at 569.70 (LTP) compared with spot closing of 567.35. The numbers of contracts traded were 24,194. (Provisional)

Titan Company August 2025 futures traded at a premium of 1.80 points at 3468.50 (LTP) compared with spot closing of 3466.70. The numbers of contracts traded were 23,290. (Provisional)

Among, Nifty calls, 25000 SP from the August month expiry was the most active call with an addition of 7,099 units open interests. Among Nifty puts, 24500 SP from the August month expiry was the most active put with an addition of 6,801 units open interests. The maximum OI outstanding for Calls was at 25000 SP (88,255 units) and that for Puts was at 24000 SP (55,274 units). The respective Support and Resistance levels of Nifty are: Resistance 24520.03 -- Pivot Point 24428.77 -- Support 24272.03.

The Nifty Put Call Ratio (PCR) finally stood at (0.95) for August month contract. The top five scrips with highest PCR on Alkem Laboratories (1.03), Zydus Lifesciences (0.99), Petronet LNG (0.98), Manappuram Finance (0.98) and APL Apollo Tubes (0.98).

Among most active underlying Bharti Airtel witnessed an addition of 13,663 units of Open Interest in the August month future, State Bank of India witnessed an addition of 2,104 units of Open Interest in the August month future, HDFC Bank witnessed an addition of 3,400 units of Open Interest in the August month futures, Kalyan Jewellers India witnessed an addition of 6,915 units of Open Interest in the August month futures and BSE witnessed an addition of 1,869 units of Open Interest in the August month futures. (Provisional).