Indian equity benchmark -- Nifty settled higher with gain of around one percent on Tuesday amid decrease in crude oil prices as US President Donald Trump threatened to take control of Strait of Hormuz, the most important chokepoint in the world for the crude market. The day began on an optimistic note, as global peers staged recovery from recent losses. Meanwhile, index witnessed broad based buying across the sector as traders opted buy fundamentally good stocks at lower levels. Sentiments were upbeat with Commerce and Industry Minister Piyush Goyal’s statement that the nine free trade agreements (FTAs) finalised by India in the last four years will provide huge business opportunities for the domestic pharma and healthcare sectors. Some support also came as the Reserve Bank of India (RBI) injected Rs 50,000 crore into the banking system by purchasing government securities through Open Market Operations (OMO). Afterwards, market started climbed higher to touched its intraday high point and ended the session above 24,250 mark.

Most of the sectorial indices ended in green except IT and Oil & Gas stocks. The top gainers from the F&O segment were Dixon Technologies (India), Shriram Finance and Glenmark Pharmaceuticals. On the other hand, the top losers were Polycab India, KEI Industries and Coforge. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 19.07% and reached 18.91. The 50 share Nifty up by 233.55 point or 0.97% to settle at 24,261.60.

Nifty March 2026 futures closed at 24405.70 (LTP) on Tuesday, at a premium of 144.10 points over spot closing of 24261.60, while Nifty April 2026 futures ended at 24552.50 (LTP), at a premium of 290.90 points over spot closing. Nifty March futures saw an addition of 7,232 units, taking the total open interest (Contracts) to 2,75,729 units. The near month derivatives contract will expire on March 30, 2026. (Provisional)

From the most active contracts, Dixon Technologies (India) March 2026 futures traded at a premium of 13.00 points at 11048.00 (LTP) compared with spot closing of 11035.00. The numbers of contracts traded were 39,559. (Provisional)

HDFC Bank March 2026 futures traded at a premium of 5.75 points at 854.75 (LTP) compared with spot closing of 849.00. The numbers of contracts traded were 38,161. (Provisional)

Reliance Industries March 2026 futures traded at a premium of 5.10 points at 1416.00 (LTP) compared with spot closing of 1410.90. The numbers of contracts traded were 29,771. (Provisional)

Infosys March 2026 futures traded at a premium of 5.50 points at 1302.00 (LTP) compared with spot closing of 1296.50. The numbers of contracts traded were 23,352. (Provisional)

Shriram Finance March 2026 futures traded at a premium of 4.30 points at 1071.00 (LTP) compared with spot closing of 1066.70. The numbers of contracts traded were 23,115. (Provisional)

Among, Nifty calls, 25000 SP from the March month expiry was the most active call with an addition of 13,655 units open interests. Among Nifty puts, 23000 SP from the March month expiry was the most active put with an addition of 21,504 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,03,755 units) and that for Puts was at 24000 SP (95,509 units). The respective Support and Resistance levels of Nifty are: Resistance 24350.28 -- Pivot Point 24215.12 -- Support 24126.43.

The Nifty Put Call Ratio (PCR) finally stood at (1.10) for March month contract. The top five scrips with highest PCR on RBL Bank (1.16), GAIL (India) (1.13), Jindal Steel (1.05), REC (1.05), and Lodha Developers (1.01).

Among most active underlying Dixon Technologies (India) witnessed an addition of 2,857 units of Open Interest in the March month future, Reliance Industries witnessed an addition of 2,649 units of Open Interest in the March month future, Shriram Finance witnessed an addition of 4,039 units of Open Interest in the March month futures, ICICI Bank witnessed an addition of 3,091 units of Open Interest in the March month futures and HDFC Bank witnessed an addition of 2,354 units of Open Interest in the March month futures. (Provisional).