Indian equity benchmark -- Nifty ended higher on Wednesday. Market started the day on positive note, tracking positive cues from Asian peers. Soon, market witnessed hectic buying in IT and Tech stocks as traders extended bargain hunt for third consecutive session. Some support came as the Reserve Bank of India (RBI) injected Rs 48,014 crore in transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. Besidies, traders took support with Finance Minister Nirmala Sitharaman’s statement that the domestic production of LPG is being ramped up to ensure cooking gas supply to households during turbulent times amid the West Asia crisis. Afterwards, index continued its firm trade towards north ward direction till the end of the session and settled above 23,750 mark.

Most of the sectorial indices ended in green led by Media, IT, and Realty. The top gainers from the F&O segment were Waaree Energies, Angel One and Premier Energies. On the other hand, the top losers were Vedanta, Solar Industries India and Multi Commodity Exchange of India. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 5.67% and reached 18.67. The 50 share Nifty up by 196.65 point or 0.83% to settle at 23,777.80.

Nifty March 2026 futures closed at 23774.40 (LTP) on Wednesday, at a discount of 3.40 points over spot closing of 23777.80, while Nifty April 2026 futures ended at 23912.10 (LTP), at a premium of 134.30 points over spot closing. Nifty March futures saw an addition of 7,704 units, taking the total open interest (Contracts) to 2,81,411 units. The near month derivatives contract will expire on March 30, 2026. (Provisional)

From the most active contracts, HDFC Bank March 2026 futures traded at a premium of 0.45 points at 842.45 (LTP) compared with spot closing of 842.00. The numbers of contracts traded were 41,377. (Provisional)

Infosys March 2026 futures traded at a discount of 3.00 points at 1263.70 (LTP) compared with spot closing of 1266.70. The numbers of contracts traded were 37,095. (Provisional)

Eternal March 2026 futures traded at a discount of 0.25 points at 242.50 (LTP) compared with spot closing of 242.75. The numbers of contracts traded were 23,861. (Provisional)

Tata Consultancy Services March 2026 futures traded at a discount of 2.00 points at 2437.00 (LTP) compared with spot closing of 2439.00. The numbers of contracts traded were 23,738. (Provisional)

Waaree Energies March 2026 futures traded at a premium of 5.30 points at 3183.30 (LTP) compared with spot closing of 3178.00. The numbers of contracts traded were 21,775. (Provisional)

Among, Nifty calls, 24000 SP from the March month expiry was the most active call with a contraction of 277 units open interests. Among Nifty puts, 23000 SP from the March month expiry was the most active put with an addition of 5,865 units open interests. The maximum OI outstanding for Calls was at 26000 SP (90,788 units) and that for Puts was at 23000 SP (82,776 units). The respective Support and Resistance levels of Nifty are: Resistance 23887.22 -- Pivot Point 23752.83 -- Support 23643.42.

The Nifty Put Call Ratio (PCR) finally stood at (1.18) for March month contract. The top five scrips with highest PCR on Jindal Steel (1.17), RBL Bank (1.11), BSE (1.05), GAIL (India) (1.02), and LIC Housing Finance (0.98).

Among most active underlying Multi Commodity Exchange of India witnessed an addition of 959 units of Open Interest in the March month futures, Infosys witnessed an addition of 10,749 units of Open Interest in the March month future, HDFC Bank witnessed an addition of 7,572 units of Open Interest in the March month future, ICICI Bank witnessed an addition of 3,056 units of Open Interest in the March month futures and Eternal witnessed an addition of 4,552 units of Open Interest in the March month futures. (Provisional).