Snapping three-day losing streak, Indian equity benchmark -- Nifty -- ended near 52-week high levels on Wednesday as weak US economic data boosted investors’ hopes for further rate cut by US Fed in next month. After making slightly negative start, index gained traction to trade in green terrain. Market participants opted to buy fundamentally good stocks at lower levels. Further, renewed foreign fund inflow lifted investors’ sentiment. As per exchange data, foreign institutional investors (FIIs) were net buyer of equities worth Rs 785.32 crore on Tuesday’s session. Sentiments remained upbeat as Chief Economic Advisor (CEA) V. Anantha Nageswaran stated that India’s economy is on track to surpass the $4 trillion mark in the current financial year. He noted that the country has effectively moved past the $3.9 trillion GDP level recorded at the end of March 2025. In afternoon session, market continued its firm trade in northward direction and maintained it till the end of the session. Finally, index ended above 26,200 mark.

All sectorial indices ended in green. The top gainers from the F&O segment were PG Electroplast, Nuvama Wealth Management and Multi Commodity Exchange of India. On the other hand, the top losers were FSN E-Commerce Ventures, Bharti Airtel and Adani Enterprises. In the index option segment, maximum OI continues to be seen in the 26900 - 27100 calls and 25900 - 26100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 2.24% and reached 11.97. The 50 share Nifty up by 320.50 point or 1.24% to settle at 26,205.30.

Nifty December 2025 futures closed at 26390.00 (LTP) on Wednesday, at a premium of 184.70 points over spot closing of 26205.30, while Nifty January 2026 futures ended at 26540.00 (LTP), at a premium of 334.70 points over spot closing. Nifty December futures saw an addition of 7,879 units, taking the total open interest (Contracts) to 1,90,405 units. The near month derivatives contract will expire on December 30, 2025. (Provisional) 

From the most active contracts, HDFC Bank December 2025 futures traded at a premium of 4.50 points at 1009.50 (LTP) compared with spot closing of 1005.00. The numbers of contracts traded were 31,033. (Provisional)

Tata Motors Passenger Vehicles December 2025 futures traded at a premium of 2.40 points at 361.40 (LTP) compared with spot closing of 359.00. The numbers of contracts traded were 24,701. (Provisional)

Reliance Industries December 2025 futures traded at a premium of 8.20 points at 1577.80 (LTP) compared with spot closing of 1569.60. The numbers of contracts traded were 24,260. (Provisional)

Bharti Airtel December 2025 futures traded at a premium of 14.80 points at 2141.80 (LTP) compared with spot closing of 2127.00. The numbers of contracts traded were 23,025. (Provisional)

State Bank of India December 2025 futures traded at a premium of 6.95 points at 990.00 (LTP) compared with spot closing of 983.05. The numbers of contracts traded were 20,729. (Provisional)

Among, Nifty calls, 27000 SP from the December month expiry was the most active call with an addition of 11,971 units open interests. Among Nifty puts, 26000 SP from the December month expiry was the most active put with an addition of 10,928 units open interests. The maximum OI outstanding for Calls was at 27000 SP (89,617 units) and that for Puts was at 26000 SP (1,05,285 units). The respective Support and Resistance levels of Nifty are: Resistance 26332.65 -- Pivot Point 26087.80 -- Support 25960.45.

The Nifty Put Call Ratio (PCR) finally stood at (1.26) for December month contract. The top five scrips with highest PCR on Petronet LNG (1.28), Voltas (1.25), Zydus Lifesciences (1.25), Hero MotoCorp (1.10) and ICICI Lombard General Insurance Company (1.10).

Among most active underlying Bharti Airtel witnessed an addition of 3,332 units of Open Interest in the December month future, Reliance Industries witnessed an addition of 1,404 units of Open Interest in the December month future, HDFC Bank witnessed an addition of 5,879 units of Open Interest in the December month futures, State Bank of India witnessed an addition of 1,503 units of Open Interest in the December month futures and Multi Commodity Exchange of India witnessed an addition of 2,170 units of Open Interest in the December month futures. (Provisional).