Indian equity benchmark -- Nifty -- ended flat with positive bias on Tuesday. Index made slightly positive start following broadly positive cues from other Asian markets. But soon, market turned volatile. Sentiments were weak as foreign institutional investors turned net sellers of equities worth Rs 457.34 core on Monday, as per exchange data. In afternoon session, market wavered between green and red territory. Some concerns came as the Ministry of Commerce & Industry in its report showed that the output of eight key infrastructure sectors grew at a slower pace of 1.8 per cent in November 2025 as compared to 5.8 per cent in the same month last year, amid a dip in production of crude oil, natural gas, refinery products, and electricity. Index continued its trade near neutral lines till the end of the session. Finally, Nifty ended volatile trading session below 26,200 mark.

Traders were seen piling up positions in Media, Metal and Chemicals stocks, while selling was witnessed in IT, PSU Bank and Consumer Durables. The top gainers from the F&O segment were Cholamandalam Investment and Finance Company, Indian Railway Finance Corporation and NMDC. On the other hand, the top losers were Coforge, Cyient and The Federal Bank. 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 3.07% and reached 9.38. The 50 share Nifty up by 4.75 point or 0.01% to settle at 26,177.15.

Nifty December 2025 futures closed at 26202.10 (LTP) on Tuesday, at a premium of 24.95 points over spot closing of 26177.15, while Nifty January 2026 futures ended at 26387.00 (LTP), at a premium of 209.85 points over spot closing. Nifty December futures saw a contraction of 4,371 units, taking the total open interest (Contracts) to 1,88,409 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 0.40 points at 997.40 (LTP) compared with spot closing of 997.00. The numbers of contracts traded were 51,873. (Provisional)

Axis Bank December 2025 futures traded at a premium of 1.30 points at 1225.80 (LTP) compared with spot closing of 1224.50. The numbers of contracts traded were 38,740. (Provisional)

Reliance Industries December 2025 futures traded at a premium of 1.90 points at 1570.90 (LTP) compared with spot closing of 1569.00. The numbers of contracts traded were 29,445. (Provisional)

Infosys December 2025 futures traded at a discount of 3.00 points at 1661.60 (LTP) compared with spot closing of 1664.60. The numbers of contracts traded were 27,248. (Provisional)

Cholamandalam Investment and Finance Company December 2025 futures traded at a premium of 5.60 points at 1684.00 (LTP) compared with spot closing of 1678.40. The numbers of contracts traded were 25,828. (Provisional)

Among, Nifty calls, 26200 SP from the December month expiry was the most active call with an addition of 44,013 units open interests. Among Nifty puts, 26000 SP from the December month expiry was the most active put with an addition of 23,338 units open interests. The maximum OI outstanding for Calls was at 27000 SP (1,48,097 units) and that for Puts was at 26000 SP (1,58,859 units). The respective Support and Resistance levels of Nifty are: Resistance 26234.12 -- Pivot Point 26176.58 -- Support 26119.62.

The Nifty Put Call Ratio (PCR) finally stood at (1.08) for December month contract. The top five scrips with highest PCR on Cholamandalam Investment and Finance Company (1.27), Ashok Leyland (1.26), Petronet LNG (1.23), Polycab India (1.18) and Grasim Industries (1.13).

Among most active underlying, Axis Bank witnessed an addition of 18,579 units of Open Interest in the December month future, HDFC Bank witnessed an addition of 26,022 units of Open Interest in the December month future, Reliance Industries witnessed an addition of 10,983 units of Open Interest in the December month futures, Cholamandalam Investment and Finance Company witnessed a contraction of 4,426 units of Open Interest in the December month futures and ICICI Bank witnessed an addition of 10,030 units of Open Interest in the December month futures. (Provisional).