Indian equity benchmark -- Nifty -- ended higher for fourth straight session on Tuesday ahead of September-quarter earnings. Index made slightly positive start following firm cues from other Asian markets. Soon, index gained traction and continued its firm trade in green terrain. Sentiments remained optimistic after NITI Aayog’s CEO BVR Subrahmanyam exuded confidence that a trade agreement would be concluded between India and the US soon, as both countries are committed to having a mutually beneficial bilateral trade pact.  However, in late morning session, index pared some of their gains. Some cautiousness come as credit rating agency Crisil said that the gross non-performing assets for the banking system's micro, small and medium enterprises (MSMEs) portfolio are likely to rise moderately to about 3.9% by FY26-end. In second half of the session, index showed recovery and continued its trade in green. Sentiment got boost as the World Bank upped India’s growth estimates for the current fiscal (FY26) by 20 basis points to 6.5 per cent from its June projection of 6.3 per cent. However, in last leg of the trade, index trimmed most of its gains but managed to end above 25100 mark.

Traders were seen piling up positions in Realty, Oil & Gas and Pharma stocks, while selling was witnessed in FMCG, Media and PSU Bank. The top gainers from the F&O segment were Vodafone Idea, Indraprastha Gas and Divi's Laboratories. On the other hand, the top losers were Hitachi Energy India, Tata Motors and Axis Bank. 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 1.39% and reached 10.05. The 50 share Nifty up by 30.65 point or 0.12% to settle at 25,108.30.

Nifty October 2025 futures closed at 25229.00 (LTP) on Tuesday, at a premium of 120.70 points over spot closing of 25108.30, while Nifty November 2025 futures ended at 25361.00 (LTP), at a premium of 252.70 points over spot closing. Nifty October futures saw a contraction of 620 units, taking the total open interest (Contracts) to 2,43,332 units. The near month derivatives contract will expire on October 28, 2025. (Provisional)

From the most active contracts, Infosys October 2025 futures traded at a discount of 3.90 points at 1454.20 (LTP) compared with spot closing of 1458.10. The numbers of contracts traded were 31,450. (Provisional)

Tata Consultancy Services October 2025 futures traded at a premium of 5.20 points at 2980.20 (LTP) compared with spot closing of 2975.00. The numbers of contracts traded were 29,285. (Provisional)

Trent October 2025 futures traded at a premium of 24.90 points at 4709.90 (LTP) compared with spot closing of 4685.00. The numbers of contracts traded were 29,071. (Provisional)

Reliance Industries October 2025 futures traded at a premium of 6.10 points at 1390.60 (LTP) compared with spot closing of 1384.50. The numbers of contracts traded were 27,557. (Provisional)

HDFC Bank October 2025 futures traded at a premium of 3.75 points at 985.55 (LTP) compared with spot closing of 981.80. The numbers of contracts traded were 25,835. (Provisional)

Among, Nifty calls, 25500 SP from the October month expiry was the most active call with a contraction of 6,764 units open interests. Among Nifty puts, 25000 SP from the October month expiry was the most active put with an addition of 3,450 units open interests. The maximum OI outstanding for Calls was at 26000 SP (70,701 units) and that for Puts was at 25000 SP (59,756 units). The respective Support and Resistance levels of Nifty are: Resistance 25194.03 -- Pivot Point 25135.17 -- Support 25049.43.

The Nifty Put Call Ratio (PCR) finally stood at (1.00) for October month contract. The top five scrips with highest PCR on SRF (1.14), Kotak Mahindra Bank (1.08), Petronet LNG (1.07), Sammaan Capital (1.05) and IndusInd Bank (1.02).

Among most active underlying HDFC Bank witnessed an addition of 4,298 units of Open Interest in the October month future, ICICI Bank witnessed an addition of 2,387 units of Open Interest in the October month future, Reliance Industries witnessed an addition of 2,678 units of Open Interest in the October month futures, Infosys witnessed an addition of 9,710 units of Open Interest in the October month futures and Tata Consultancy Services witnessed an addition of 8,933 units of Open Interest in the October month futures. (Provisional).