Indian equity benchmark -- Nifty -- snapped six-day winning streak and ended lower on Friday. Index made a positive start but soon wiped-out all initial gains and continued its trade near neutral line in red terrain. Traders were concerned as India’s flash PMI data report showed that private sector growth lost momentum amid a slowdown in the service economy. The HSBC Flash India Composite Output Index fell to 59.9 in October from 61.0 in September. Further, fresh foreign fund outflows weighted on investors sentiments. Foreign investors net sold shares worth Rs 1,166 crore on Thursday, as per exchange data. In afternoon session, index extended its losses and continued its choppy trade in red. Market participants avoided risky bids and opted to remained on side line amid concerns over US-Russia trade sanctions conflict. In last leg of trade, market remained in red. Traders were cautious ahead of Fed interest rate decision, which is due on October 28. Finally, index closed below 25,800 mark.

Most of the sectorial indices ended in red except Metal, Oil & Gas and Realty stocks. The top gainers from the F&O segment were Sammaan Capital, Hindalco Industries and Cholamandalam Investment and Finance Company. On the other hand, the top losers were Cipla, Supreme Industries and Hindustan Unilever. In the index option segment, maximum OI continues to be seen in the 26400 - 26600 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 1.21% and reached 11.59. The 50 share Nifty down by 96.25 point or 0.37% to settle at 25,795.15.

Nifty October 2025 futures closed at 25814.30 (LTP) on Friday, at a premium of 19.15 points over spot closing of 25795.15, while Nifty November 2025 futures ended at 25952.00 (LTP), at a premium of 156.85 points over spot closing. Nifty October futures saw a contraction of 18,575 units, taking the total open interest (Contracts) to 1,91,015 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 discount of 1.60 points at 1449.50 (LTP) compared with spot closing of 1451.10. The numbers of contracts traded were 67,463. (Provisional)

HDFC Bank October 2025 futures traded at a discount of 1.40 points at 994.50 (LTP) compared with spot closing of 995.90. The numbers of contracts traded were 66,922. (Provisional)

ICICI Bank October 2025 futures traded at a discount of 0.40 points at 1377.60 (LTP) compared with spot closing of 1378.00. The numbers of contracts traded were 56,012. (Provisional)

Vedanta October 2025 futures traded at a premium of 1.00 points at 495.40 (LTP) compared with spot closing of 494.40. The numbers of contracts traded were 45,573. (Provisional)

State Bank of India October 2025 futures traded at a discount of 0.55 points at 903.45 (LTP) compared with spot closing of 904.00. The numbers of contracts traded were 43,540. (Provisional)

Among, Nifty calls, 25900 SP from the October month expiry was the most active call with an addition of 97,725 units open interests. Among Nifty puts, 25800 SP from the October month expiry was the most active put with an addition of 15,665 units open interests. The maximum OI outstanding for Calls was at 26500 SP (2,74,404 units) and that for Puts was at 25000 SP (1,77,192 units). The respective Support and Resistance levels of Nifty are: Resistance 25920.13 -- Pivot Point 25819.17 -- Support 25694.18.

The Nifty Put Call Ratio (PCR) finally stood at (0.65) for October month contract. The top five scrips with highest PCR on ICICI Lombard General Insurance Company (1.33), Bajaj Finance (1.26), Sammaan Capital (1.25), AU Small Finance Bank (1.25) and Indian Bank (1.17).

Among most active underlying HDFC Bank witnessed an addition of 14,884 units of Open Interest in the October month future, ICICI Bank witnessed an addition of 2,391 units of Open Interest in the October month future, Reliance Industries witnessed an addition of 16,905 units of Open Interest in the October month futures, Bajaj Finance witnessed a contraction of 1,438 units of Open Interest in the October month futures and Eternal witnessed an addition of 1,531 units of Open Interest in the October month futures. (Provisional).