Indian equity benchmark -- Nifty -- ended flat with negative bias on Thursday. Index made a negative start following broadly negative cues from wall street overnight amid concerns over valuation of technology stocks. But in a while, market entered into green terrain. Traders took sigh of bliss as FII turned positive on Wednesday. As per exchange data, foreign institutional investors (FII) bought equities worth Rs 1,171.71 crore. In afternoon session, market continued to trade in green. Traders took some support with the report stated that India- Oman trade pact will provide greater market access to domestic products such as petroleum, machinery, rice, iron and steel articles. However, in dying hour of the trade, index wiped out all gains and turned negative. Traders avoided risky bid ahead of US inflation data, which will released later in the day. Finally, index ended below 25,850 mark.

Traders were seen piling up positions in IT, Consumer Durables and Realty stocks, while selling was witnessed in Media, Auto and Chemicals. The top gainers from the F&O segment were HDFC Asset Management Company, PB Fintech and Kfin Technologies. On the other hand, the top losers were Hitachi Energy India, Indian Oil Corporation and Cummins India. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 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 1.32% and reached 9.71. The 50 share Nifty down by 3.00 point or 0.01% to settle at 25,815.55.

Nifty December 2025 futures closed at 25882.20 (LTP) on Thursday, at a premium of 66.65 points over spot closing of 25815.55, while Nifty January 2026 futures ended at 26045.00 (LTP), at a premium of 229.45 points over spot closing. Nifty December futures saw a contraction of 3,688 units, taking the total open interest (Contracts) to 2,15,175 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 1.80 points at 981.80 (LTP) compared with spot closing of 980.00. The numbers of contracts traded were 34,513. (Provisional)

Infosys December 2025 futures traded at a premium of 0.90 points at 1628.00 (LTP) compared with spot closing of 1627.10. The numbers of contracts traded were 29,379. (Provisional)

InterGlobe Aviation December 2025 futures traded at a premium of 11.00 points at 5136.00 (LTP) compared with spot closing of 5125.00. The numbers of contracts traded were 24,558. (Provisional)

ICICI Bank December 2025 futures traded at a premium of 2.10 points at 1359.10 (LTP) compared with spot closing of 1357.00. The numbers of contracts traded were 24,247. (Provisional)

Tata Consultancy Services December 2025 futures traded at a premium of 8.80 points at 3290.00 (LTP) compared with spot closing of 3281.20. The numbers of contracts traded were 19,508. (Provisional)

Among, Nifty calls, 26000 SP from the December month expiry was the most active call with a contraction of 4,707 units open interests. Among Nifty puts, 25800 SP from the December month expiry was the most active put with an addition of 7,261 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,17,318 units) and that for Puts was at 26000 SP (99,765 units). The respective Support and Resistance levels of Nifty are: Resistance 25903.17 -- Pivot Point 25814.73 -- Support 25727.12.

The Nifty Put Call Ratio (PCR) finally stood at (1.03) for December month contract. The top five scrips with highest PCR on Grasim Industries (1.10), Vedanta (1.06), Petronet LNG (1.05), The Federal Bank (1.05) and Ashok Leyland (1.01).

Among most active underlying ICICI Bank witnessed an addition of 6,418 units of Open Interest in the December month future, HDFC Bank witnessed an addition of 9,517 units of Open Interest in the December month future, Infosys witnessed an addition of 13,157 units of Open Interest in the December month futures, InterGlobe Aviation witnessed a contraction of 638 units of Open Interest in the December month futures and Reliance Industries witnessed an addition of 4,446 units of Open Interest in the December month futures. (Provisional).