Extending its losing streak for eighth straight session, Indian equity benchmark -- Nifty -- ended volatile trade on flat note with negative bias on Tuesday. Index made a positive start following broadly positive cues from other Asian markets amid renewed optimism over US fed interest rate cut in next month after recent data showed US consumer price inflation rose in line with estimates in August. But soon, index turned volatile and started wavering in red and green terrains. Market participants avoided the risky bid ahead of monthly F&O expiry. Some concern also came as Asian Development Bank (ADB) stated that despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half of the year. In afternoon session, index continued its volatile trade near neutral line. Investors took a note of Commerce and Industry Minister Piyush Goyal's statement that India is negotiating free trade agreements (FTAs) with several countries including the US, New Zealand, Oman, Peru, Chile, and the European Union. In last leg of the trade, index ended the session lower below 24,650 mark.

Traders were seen piling up positions in PSU Bank, Metal and Auto stocks, while selling was witnessed in Media, Consumer Durables and Realty. The top gainers from the F&O segment were National Aluminium Company, Bank of India and IIFL Finance. On the other hand, the top losers were KPIT Technologies, Patanjali Foods and BSE. 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 2.63% and reached 11.07. The 50 share Nifty down by 23.80 point or 0.10% to settle at 24,611.10.

Nifty October 2025 futures closed at 24787.00 (LTP) on Tuesday, at a premium of 175.90 points over spot closing of 24611.10, while Nifty November 2025 futures ended at 24609.60 (LTP), at a discount of 1.50 points over spot closing. Nifty October futures saw an addition of 43,776 units, taking the total open interest (Contracts) to 2,30,516 units. The near month derivatives contract will expire on October 28, 2025. (Provisional)

From the most active contracts, Reliance Industries October 2025 futures traded at a premium of 9.00 points at 1373.00 (LTP) compared with spot closing of 1364.00. The numbers of contracts traded were 51,296. (Provisional)

Tata Motors October 2025 futures traded at a premium of 1.25 points at 683.80 (LTP) compared with spot closing of 682.55. The numbers of contracts traded were 33,839. (Provisional)

Tata Consultancy Services October 2025 futures traded at a premium of 12.00 points at 2903.00 (LTP) compared with spot closing of 2891.00. The numbers of contracts traded were 33,571. (Provisional)

ICICI Bank October 2025 futures traded at a premium of 7.60 points at 1356.50 (LTP) compared with spot closing of 1348.90. The numbers of contracts traded were 33,208. (Provisional)

HDFC Bank October 2025 futures traded at a premium of 4.10 points at 956.60 (LTP) compared with spot closing of 952.50. The numbers of contracts traded were 29,029. (Provisional)

Among, Nifty calls, 25000 SP from the October month expiry was the most active call with an addition of 12,014 units open interests. Among Nifty puts, 24500 SP from the October month expiry was the most active put with an addition of 10,982 units open interests. The maximum OI outstanding for Calls was at 26000 SP (56,062 units) and that for Puts was at 25000 SP (44,487 units). The respective Support and Resistance levels of Nifty are: Resistance 24699.37 -- Pivot Point 24643.53 -- Support 24555.27.

The Nifty Put Call Ratio (PCR) finally stood at (1.05) for October month contract. The top five scrips with highest PCR on Sun Pharmaceutical Industries (1.42), Prestige Estates Projects (1.32), Cummins India (1.28), Aurobindo Pharma (1.28) and Petronet LNG (1.26).

Among most active underlying Reliance Industries witnessed an addition of 34,167 units of Open Interest in the October month future, HDFC Bank witnessed an addition of 18,041 units of Open Interest in the October month future, ICICI Bank witnessed an addition of 21,164 units of Open Interest in the October month futures, Bharti Airtel witnessed an addition of 21,301 units of Open Interest in the October month futures and Infosys witnessed an addition of 9,588 units of Open Interest in the October month futures. (Provisional).