Indian equity benchmark -- Nifty ended lower with cut of over half a percent on Monday amid escalation in geopolitical tensions. Index made a gap-down start following negative cues from other Asian markets as failed US-Iran ceasefire talks and jitters of a blockade on Strait of Hormuz sparked widespread uncertainty in the global markets. Besides, traders were worried as a private report indicated that the U.S. Navy is set to block ships from Iranian ports following failed diplomatic talks, raising concerns over supply disruptions. Further, surging crude oil prices and depreciating rupee also weighed on market sentiments. After a while, index started trimming losses as market participants took some support with renewed foreign fund inflow. As per exchange data, foreign institutional investors bought equities worth Rs 672.09 crore on April 10, 2026. In last leg of the session, index extended its recovery but remained in red. Finally, Nifty ended below 23,850 mark.

All sectorial indices ended in red. The top gainers from the F&O segment were JSW Energy, Multi Commodity Exchange of India and Voltas. On the other hand, the top losers were Eicher Motors, Cholamandalam Investment and Finance Company and Maruti Suzuki 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 increased by 8.75% and reached 20.50. The 50 share Nifty down by 207.95 point or 0.86% to settle at 23,842.65.

Nifty April 2026 futures closed at 23850.00 (LTP) on Monday, at a premium of 7.35 points over spot closing of 23842.65, while Nifty May 2026 futures ended at 23990.00 (LTP), at a premium of 147.35 points over spot closing. Nifty April futures saw an addition of 8,563 units, taking the total open interest (Contracts) to 2,94,362 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 2.70 points at 795.70 (LTP) compared with spot closing of 793.00. The numbers of contracts traded were 42,910. (Provisional)

ICICI Bank April 2026 futures traded at a discount of 0.30 points at 1346.70 (LTP) compared with spot closing of 1347.00. The numbers of contracts traded were 35,672. (Provisional)

Infosys April 2026 futures traded at flat with spot closing of 1276.00. The numbers of contracts traded were 30,637. (Provisional)

Reliance Industries April 2026 futures traded at a premium of 4.30 points at 1318.30 (LTP) compared with spot closing of 1314.00. The numbers of contracts traded were 24,898. (Provisional)

Larsen & Toubro April 2026 futures traded at a discount of 0.80 points at 3952.20 (LTP) compared with spot closing of 3953.00. The numbers of contracts traded were 18,687. (Provisional)

Among, Nifty calls, 24000 SP from the April month expiry was the most active call with an addition of 985 units open interests. Among Nifty puts, 22000 SP from the April month expiry was the most active put with an addition of 13,254 units open interests. The maximum OI outstanding for Calls was at 26000 SP (69,776 units) and that for Puts was at 23000 SP (80,705 units). The respective Support and Resistance levels of Nifty are: Resistance 23981.50 -- Pivot Point 23768.55 -- Support 23629.70.

The Nifty Put Call Ratio (PCR) finally stood at (1.11) for April month contract. The top five scrips with highest PCR on Dalmia Bharat (1.41), Tata Consumer Products (1.35), Asian Paints (1.28), GAIL (India) (1.15), and ABB India (1.12).

Among most active underlying ICICI Bank witnessed an addition of 12,186 units of Open Interest in the April month futures, HDFC Bank witnessed an addition of 9,333 units of Open Interest in the April month future, Reliance Industries witnessed an addition of 5,268 units of Open Interest in the April month future, Multi Commodity Exchange of India witnessed an addition of 749 units of Open Interest in the April month futures and Infosys witnessed an addition of 11,906 units of Open Interest in the April month futures. (Provisional).