Indian equity benchmark -- Nifty -- settled higher with gains of over one and half percent on Wednesday as U.S. President Donald Trump indicated that the US-Iran war could end within two to three weeks. The day began on an optimistic note, as global peers staged recovery from recent losses. Meanwhile, index witnessed broad based buying across the sectors as traders opted to buy fundamentally good stocks at lower levels. Sentiments were upbeat as the Reserve Bank of India (RBI) extended the enhanced export credit period of up to 450 days for pre-shipment and post-shipment finance for disbursals made till June 30, citing continued logistical disruptions due to the ongoing West Asia crisis. Further, some encouragement came with the government data showing that Index of Industrial Production (IIP) recorded a 5.2% (Quick Estimate) year-on-year growth in February 2026, which is slightly higher than 5.1% growth in the month of January 2026. Afterwards, market trimmed some of its gains but continued its firm trade in green till the end of the session. Finally, Nifty ended above 22,650 mark.

Most of the sectorial indices ended in green led by PSU Bank, Media, and Chemicals. The top gainers from the F&O segment were Mazagon Dock Shipbuilders, Cochin Shipyard and Bharat Dynamics. On the other hand, the top losers were Dr. Reddy's Laboratories, Ashok Leyland and Blue Star. In the index option segment, maximum OI continues to be seen in the 22900 - 23100 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 10.31% and reached 25.01. The 50 share Nifty up by 348.00 point or 1.56% to settle at 22,679.40.

Nifty April 2026 futures closed at 22830.00 (LTP) on Wednesday, at a premium of 150.60 points over spot closing of 22679.40, while Nifty May 2026 futures ended at 22960.00 (LTP), at a premium of 280.60 points over spot closing. Nifty April futures saw an addition of 3,308 units, taking the total open interest (Contracts) to 3,25,591 units. The near month derivatives contract will expire on April 28, 2026. (Provisional)

From the most active contracts, HDFC Bank April 2026 futures traded at a premium of 4.90 points at 748.90 (LTP) compared with spot closing of 744.00. The numbers of contracts traded were 54,805. (Provisional)

InterGlobe Aviation April 2026 futures traded at a premium of 31.00 points at 4214.00 (LTP) compared with spot closing of 4183.00. The numbers of contracts traded were 36,347. (Provisional)

Tata Consultancy Services April 2026 futures traded at a premium of 10.00 points at 2421.20 (LTP) compared with spot closing of 2411.20. The numbers of contracts traded were 30,633. (Provisional)

Infosys April 2026 futures traded at a discount of 0.90 points at 1278.10 (LTP) compared with spot closing of 1279.00. The numbers of contracts traded were 22,865. (Provisional)

State Bank of India April 2026 futures traded at a premium of 3.00 points at 1021.00 (LTP) compared with spot closing of 1018.00. The numbers of contracts traded were 22,277. (Provisional)

Among, Nifty calls, 23000 SP from the April month expiry was the most active call with an addition of 9,131 units open interests. Among Nifty puts, 23000 SP from the April month expiry was the most active put with an addition of 11,966 units open interests. The maximum OI outstanding for Calls was at 23000 SP (67,246 units) and that for Puts was at 23000 SP (83,395 units). The respective Support and Resistance levels of Nifty are: Resistance 22874.27 -- Pivot Point 22746.43 -- Support 22551.57.

The Nifty Put Call Ratio (PCR) finally stood at (0.98) for April month contract. The top five scrips with highest PCR on Torrent Pharmaceuticals (1.74), Motilal Oswal Financial Services (1.48), Adani Ports and Special Economic Zone (1.45), Tata Consumer Products (1.44), and Asian Paints (1.44).

Among most active underlying InterGlobe Aviation witnessed a contraction of 652 units of Open Interest in the April month futures, HDFC Bank witnessed an addition of 13,276 units of Open Interest in the April month future, ICICI Bank witnessed an addition of 4,721 units of Open Interest in the April month future, State Bank of India witnessed an addition of 398 units of Open Interest in the April month futures and Tata Consultancy Services witnessed a contraction of 5,057 units of Open Interest in the April month futures. (Provisional).