Indian equity benchmark -- Nifty -- ended the choppy session in green terrain on Friday. Index made a positive start following firm cues from wall street overnight and other Asian markets, as weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. In a while, index erased all initial gains and entered into red terrain mainly due to losses in FMCG, IT and Realty stocks. Sentiments were down-beat with exchange data showing that Foreign Institutional Investors (FIIs) offloaded equities worth Rs 106.34 crore on Thursday. Index continued its choppy trade in red for most part of the session. However, losses remained capped as market participants took note of Union Minister Piyush Goyal’s statement that India's exports during the current financial year would be higher than 2024-25, while asserting the government is working at a fast pace for diversification of outbound shipments. In late afternoon session, index showed recovery and managed to end the session in green. Finally, index closed above 24,700 mark.

Traders were seen piling up positions in Auto, Metal and Media stocks, while selling was witnessed in IT, FMCG and Realty. The top gainers from the F&O segment were Vodafone Idea, BSE and RBL Bank. On the other hand, the top losers were Varun Beverages, Persistent Systems and Prestige Estates Projects. 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 0.66% and reached 10.78. The 50 share Nifty up by 6.70 point or 0.03% to settle at 24,741.00.

Nifty September 2025 futures closed at 24849.60 (LTP) on Friday, at a premium of 108.60 points over spot closing of 24741.00, while Nifty October 2025 futures ended at 24957.40 (LTP), at a premium of 216.40 points over spot closing. Nifty September futures saw an addition of 5,778 units, taking the total open interest (Contracts) to 2,31,883 units. The near month derivatives contract will expire on September 30, 2025. (Provisional)

From the most active contracts, Infosys September 2025 futures traded at a premium of 0.40 points at 1446.40 (LTP) compared with spot closing of 1446.00. The numbers of contracts traded were 32,511. (Provisional)

Vodafone Idea September 2025 futures traded at a premium of 0.02 points at 7.27 (LTP) compared with spot closing of 7.25. The numbers of contracts traded were 27,927. (Provisional)

Tata Consultancy Services September 2025 futures traded at a premium of 7.00 points at 3055.00 (LTP) compared with spot closing of 3048.00. The numbers of contracts traded were 26,893. (Provisional)

Mahindra & Mahindra September 2025 futures traded at a premium of 15.40 points at 3578.30 (LTP) compared with spot closing of 3562.90. The numbers of contracts traded were 21,337. (Provisional)

Reliance Industries September 2025 futures traded at a premium of 2.30 points at 1378.00 (LTP) compared with spot closing of 1375.70. The numbers of contracts traded were 20,864. (Provisional)

Among, Nifty calls, 25000 SP from the September month expiry was the most active call with an addition of 950 units open interests. Among Nifty puts, 24500 SP from the September month expiry was the most active put with a contraction of 2,268 units open interests. The maximum OI outstanding for Calls was at 25000 SP (80,175 units) and that for Puts was at 24000 SP (59,602 units). The respective Support and Resistance levels of Nifty are: Resistance 24841.70 -- Pivot Point 24731.65 -- Support 24630.95.

The Nifty Put Call Ratio (PCR) finally stood at (1.09) for September month contract. The top five scrips with highest PCR on Petronet LNG (1.27), Tata Steel (1.16), National Aluminium Company (1.14), Mahindra & Mahindra (1.11) and Tata Power Company (1.08).

Among most active underlying Infosys witnessed an addition of 9,362 units of Open Interest in the September month future, BSE witnessed a contraction of 970 units of Open Interest in the September month future, Mahindra & Mahindra witnessed an addition of 3,198 units of Open Interest in the September month futures, Tata Consultancy Services witnessed an addition of 3,349 units of Open Interest in the September month futures and Vodafone Idea witnessed a contraction of 1,000 units of Open Interest in the September month futures. (Provisional).