Nifty ended modestly higher on Wednesday ahead of January’s CPI data due on tomorrow. Index made a positive start tracking positive cues from other Asian counterparts. Soon, index turned volatile and started wavering near neutral line with positive bias amid foreign fund inflows. As per exchange data, Foreign Institutional Investors (FII’s) bought equities worth Rs 69.45 crore on Tuesday. Besides, some support came with Ministry of External Affairs’ (MEA) report stating that India and the UK have inked an agreement that is aimed at eliminating double payments on social security contributions by employees on short-term tenure of up to three years. Meanwhile, Reserve Bank of India (RBI) proposed to exempt non-deposit-taking, non-banking financial companies, with an asset size of less than Rs 1,000 crore, from registration and classify them as Type-I NBFCs with an aim to reduce compliance requirements. In second half of the session, index witnessed some volatility but manged to trade in green terrain till end of the session. Finally, Nifty ended above 25,950 mark.

Most of the sectorial indices ended in green except IT and Private Bank stocks. The top gainers from the F&O segment were Eicher Motors, Laurus Labs and Kaynes Technology India. On the other hand, the top losers were Bharat Heavy Electricals, Nuvama Wealth Management and Premier Energies. In the index option segment, maximum OI continues to be seen in the 26400 - 26600 calls and 25400 - 25600 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.00% and reached 11.55. The 50 share Nifty up by 18.70 point or 0.07% to settle at 25,953.85.

Nifty February 2026 futures closed at 25989.70 (LTP) on Wednesday, at a premium of 35.85 points over spot closing of 25953.85, while Nifty March 2026 futures ended at 26144.20 (LTP), at a premium of 190.35 points over spot closing. Nifty February futures saw an addition of 1,612 units, taking the total open interest (Contracts) to 2,32,361 units. The near month derivatives contract will expire on February 24, 2026. (Provisional)

From the most active contracts, State Bank of India February 2026 futures traded at a discount of 1.60 points at 1179.50 (LTP) compared with spot closing of 1181.10. The numbers of contracts traded were 42,551. (Provisional)

Bharat Heavy Electricals February 2026 futures traded at a premium of 0.55 points at 261.35 (LTP) compared with spot closing of 260.80. The numbers of contracts traded were 40,401. (Provisional)

HDFC Bank February 2026 futures traded at a premium of 4.30 points at 931.10 (LTP) compared with spot closing of 926.80. The numbers of contracts traded were 34,917. (Provisional)

Mahindra & Mahindra February 2026 futures traded at a premium of 3.00 points at 3678.00 (LTP) compared with spot closing of 3675.00. The numbers of contracts traded were 31,825. (Provisional)

Titan Company February 2026 futures traded at a premium of 2.00 points at 4240.00 (LTP) compared with spot closing of 4238.00. The numbers of contracts traded were 26,816. (Provisional)

Among, Nifty calls, 26000 SP from the February month expiry was the most active call with an addition of 9,218 units open interests. Among Nifty puts, 26000 SP from the February month expiry was the most active put with an addition of 9,473 units open interests. The maximum OI outstanding for Calls was at 26500 SP (85,959 units) and that for Puts was at 25500 SP (79,191 units). The respective Support and Resistance levels of Nifty are: Resistance 26008.90 -- Pivot Point 25954.35 -- Support 25899.30.

The Nifty Put Call Ratio (PCR) finally stood at (1.18) for February month contract. The top five scrips with highest PCR on Dalmia Bharat (2.22), PI Industries (1.62), APL Apollo Tubes (1.58), State Bank of India (1.25) and Hitachi Energy India (1.25).

Among most active underlying State Bank of India witnessed an addition of 13,560 units of Open Interest in the February month future, Bharat Heavy Electricals witnessed an addition of 18,866 units of Open Interest in the February month future, Mahindra & Mahindra witnessed an addition of 816 units of Open Interest in the February month futures, Ashok Leyland witnessed an addition of 781 units of Open Interest in the February month futures and Titan Company witnessed an addition of 3,003 units of Open Interest in the February month futures. (Provisional).