Snapping five-day losing streak, Indian equity benchmark -- Nifty -- ended higher on Monday. Index made a slightly negative start and soon extended its losses amid Persistent foreign fund outflow weighted on market sentiments.  As per exchange data, Foreign Institutional Investors (FIIs) offloaded equity worth Rs 3,769.31 crore on Friday. Further, some cautiousness came with Reserve Bank of India's (RBI) report stating that India's forex reserves dropped by $9.80 billion to $686.80 billion in the week to January 2. However, in afternoon session, market wiped out all losses and entered into green terrain. Market participants took sigh of bliss as US ambassador-designate Sergio Gor’s optimistic comments about a bilateral trade deal between India and US. Further, he stated that no country is as essential than India for Washington and both sides are actively engaged in firming up a trade deal. In last leg of the trade, index continued its firm trade near day’s high level and ended above 25,750 mark.

Traders were seen piling up positions in Metal, PSU Bank and FMCG Auto stocks, while selling was witnessed in Media, Realty and Pharma. The top gainers from the F&O segment were BSE, Premier Energies and Indian Renewable Energy Development Agency. On the other hand, the top losers were Prestige Estates Projects, Laurus Labs and UNO Minda. 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 increased by 4.05% and reached 11.37. The 50 share Nifty up by 106.95 point or 0.42% to settle at 25,790.25.

Nifty January 2026 futures closed at 25880.00 (LTP) on Monday, at a premium of 89.75 points over spot closing of 25790.25, while Nifty February 2026 futures ended at 26020.00 (LTP), at a premium of 229.75 points over spot closing. Nifty January futures saw an addition of 4,498 units, taking the total open interest (Contracts) to 2,64,136 units. The near month derivatives contract will expire on January 27, 2026. (Provisional)

From the most active contracts, HDFC Bank January 2026 futures traded at a premium of 3.50 points at 939.90 (LTP) compared with spot closing of 936.40. The numbers of contracts traded were 44,934. (Provisional)

Tata Consultancy Services January 2026 futures traded at a discount of 24.10 points at 3218.90 (LTP) compared with spot closing of 3243.00. The numbers of contracts traded were 29,893. (Provisional)

Reliance Industries January 2026 futures traded at a premium of 2.10 points at 1486.10 (LTP) compared with spot closing of 1484.00. The numbers of contracts traded were 28,709. (Provisional)

ICICI Bank January 2026 futures traded at a premium of 1.30 points at 1421.30 (LTP) compared with spot closing of 1420.00. The numbers of contracts traded were 23,819. (Provisional)

Avenue Supermarts January 2026 futures traded at a premium of 12.70 points at 3842.70 (LTP) compared with spot closing of 3830.00. The numbers of contracts traded were 20,083. (Provisional)

Among, Nifty calls, 26000 SP from the January month expiry was the most active call with an addition of 248 units open interests. Among Nifty puts, 25500 SP from the January month expiry was the most active put with a contraction of 5,261 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,23,786 units) and that for Puts was at 26000 SP (82,659 units). The respective Support and Resistance levels of Nifty are: Resistance 25911.13 -- Pivot Point 25692.27 -- Support 25571.38.

The Nifty Put Call Ratio (PCR) finally stood at (0.92) for January month contract. The top five scrips with highest PCR on Petronet LNG (1.40), Grasim Industries (1.06), LIC Housing Finance (0.99), JSW Steel (0.96) and Bandhan Bank (0.89).

Among most active underlying HDFC Bank witnessed an addition of 11,453 units of Open Interest in the January month future, ICICI Bank witnessed an addition of 6,899 units of Open Interest in the January month future, Reliance Industries witnessed an addition of 3,999 units of Open Interest in the January month futures, BSE witnessed an addition of 818 units of Open Interest in the January month futures and Tata Consultancy Services witnessed an addition of 2,770 units of Open Interest in the January month futures. (Provisional).