Extending gaining streak for third consecutive session, Indian equity benchmark -- Nifty settled with strong gains of over half a percent on Monday amid US Supreme Court’s verdict against US president Donald Trump’s reciprocal tariffs. The day began on a positive note, as traders took encouragement with report that the India and Brazil entered into Memorandum of Understanding (MoU) to explore areas of mutual collaboration for the benefit of Micro, Small, and Medium Enterprises (MSMEs) and facilitate their access to green finance. Besides, some support also came in as Commerce and Industry Minister Piyush Goyal said that India is working to expand the preferential trade agreement with South-American nation bloc Mercosur to further promote trade and investment between the two regions. In second half of the session, market witnessed some profit taking but in last leg of the trade index again added gains and ended above 25,700 mark.

On the NSE sectoral front, traders were seen piling up positions in PSU Bank, Auto and FMCG, while selling was witnessed in IT, Chemicals and Consumer Durables. The top gainers from the F&O segment were Indian Bank, Cummins India and Bharat Forge. On the other hand, the top losers were IDFC First Bank, UPL and AU Small Finance Bank. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 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 1.35% and reached 14.17. The 50 share Nifty up by 141.75 point or 0.55% to settle at 25,713.00.

Nifty February 2026 futures closed at 25700.30 (LTP) on Monday, at a discount of 12.70 points over spot closing of 25713.00, while Nifty March 2026 futures ended at 25855.00 (LTP), at a premium of 142.00 points over spot closing. Nifty February futures saw an addition of 19,749 units, taking the total open interest (Contracts) to 2,09,503 units. The near month derivatives contract will expire on February 24, 2026. (Provisional)

From the most active contracts, HDFC Bank February 2026 futures traded at a premium of 0.20 points at 924.30 (LTP) compared with spot closing of 924.10. The numbers of contracts traded were 109,526. (Provisional)

Reliance Industries February 2026 futures traded at a discount of 1.20 points at 1423.80 (LTP) compared with spot closing of 1425.00. The numbers of contracts traded were 59,532. (Provisional)

Infosys February 2026 futures traded at a discount of 5.00 points at 1323.00 (LTP) compared with spot closing of 1328.00. The numbers of contracts traded were 49,588. (Provisional)

ICICI Bank February 2026 futures traded at a premium of 0.80 points at 1399.80 (LTP) compared with spot closing of 1399.00. The numbers of contracts traded were 40,739. (Provisional)

Vodafone Idea February 2026 futures traded flat with its spot closing of 10.99. The numbers of contracts traded were 28,949. (Provisional)

Among, Nifty calls, 25700 SP from the February month expiry was the most active call with an addition of 60,689 units open interests. Among Nifty puts, 25700 SP from the February month expiry was the most active put with an addition of 1,21,192 units open interests. The maximum OI outstanding for Calls was at 26000 SP (2,85,253 units) and that for Puts was at 25500 SP (2,00,828 units). The respective Support and Resistance levels of Nifty are: Resistance 25786.52 -- Pivot Point 25697.93 -- Support 25624.42.

The Nifty Put Call Ratio (PCR) finally stood at (0.97) for February month contract. The top five scrips with highest PCR on APL Apollo Tubes (1.73), Dalmia Bharat (1.65), PNB Housing Finance (1.36), KEI Industries (1.34) and Lodha Developers (1.27).

Among most active underlying HDFC Bank witnessed an addition of 18,793 units of Open Interest in the February month future, Reliance Industries witnessed an addition of 18,280 units of Open Interest in the February month future, ICICI Bank witnessed an addition of 10,307 units of Open Interest in the February month futures, IDFC First Bank witnessed a contraction of 1,707 units of Open Interest in the February month futures and Infosys witnessed a contraction of 3,090 units of Open Interest in the February month futures. (Provisional).