Indian equity benchmark -- Nifty -- extended its winning streak for eighth straight session and ended with notable gains on Friday. Index made a positive start following broadly positive cues from other Asian markets and firm trade on Wall Street overnight, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data raised expectations of a US Fed rate cut at next week's meeting. Soon, index gained traction and continued its trade in green terrain. Sentiment remained optimistic as traders took note of Special Secretary in the Department of Commerce Rajesh Agrawal’s statement that the proposed trade pact with the European Union (EU) will provide huge opportunities for the domestic auto industry to boost exports and forge new partnerships with leading automobile giants from the 27-nation bloc. Some support also came as the government stated that the GST reforms will bring down the overall tax on coal and reduce the cost of power generation. Market participants were also keenly awaiting India’s consumer price index (CPI) data for the month of August to be out later in the day. Index continued its firm trade till the end of the session and closed above 25,100 mark.

Most of the sectorial indices ended in green except FMCG, Media and PSU Bank stocks. The top gainers from the F&O segment were Bharat Dynamics, Mazagon Dock Shipbuilders and Nuvama Wealth Management. On the other hand, the top losers were Jubilant Foodworks, Sona BLW Precision Forgings and Oracle Financial Services Software. 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 decreased by 2.29% and reached 10.12. The 50 share Nifty up by 108.50 point or 0.43% to settle at 25,114.00.

Nifty September 2025 futures closed at 25210.10 (LTP) on Friday, at a premium of 96.10 points over spot closing of 25114.00, while Nifty October 2025 futures ended at 25327.80 (LTP), at a premium of 213.80 points over spot closing. Nifty September futures saw a contraction of 4,831 units, taking the total open interest (Contracts) to 2,22,672 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 discount of 0.30 points at 1523.80 (LTP) compared with spot closing of 1524.10. The numbers of contracts traded were 38,358. (Provisional) 

Axis Bank September 2025 futures traded at a premium of 3.60 points at 1109.10 (LTP) compared with spot closing of 1105.50. The numbers of contracts traded were 21,664. (Provisional) 

Vedanta September 2025 futures traded at a premium of 2.40 points at 452.90 (LTP) compared with spot closing of 450.50. The numbers of contracts traded were 20,461. (Provisional) 

Hindustan Aeronautics September 2025 futures traded at a premium of 15.00 points at 4759.00 (LTP) compared with spot closing of 4744.00. The numbers of contracts traded were 18,368. (Provisional) 

Bajaj Finance September 2025 futures traded at a premium of 4.60 points at 1007.30 (LTP) compared with spot closing of 1002.70. The numbers of contracts traded were 17,880. (Provisional)

Among, Nifty calls, 25500 SP from the September month expiry was the most active call with a contraction of 2,923 units open interests. Among Nifty puts, 25000 SP from the September month expiry was the most active put with an addition of 2,958 units open interests. The maximum OI outstanding for Calls was at 26000 SP (64,419 units) and that for Puts was at 25000 SP (64,559 units). The respective Support and Resistance levels of Nifty are: Resistance 25156.28 -- Pivot Point 25097.17 -- Support 25054.88.

The Nifty Put Call Ratio (PCR) finally stood at (1.12) for September month contract. The top five scrips with highest PCR on Cholamandalam Investment and Finance Company (1.23), Glenmark Pharmaceuticals (1.21), National Aluminium Company (1.19), Bajaj Finance (1.18) and Hindustan Aeronautics (1.12).

Among most active underlying Infosys witnessed an addition of 10,720 units of Open Interest in the September month future, Bharat Electronics witnessed a contraction of 392 units of Open Interest in the September month future, Hindustan Aeronautics witnessed a contraction of 695 units of Open Interest in the September month futures, Axis Bank witnessed an addition of 297 units of Open Interest in the September month futures and Bajaj Finance witnessed an addition of 6,446 units of Open Interest in the September month futures. (Provisional).