Snaping three-day losing streak, Indian equity benchmark -- Nifty ended higher on Monday amid ease in geopolitical tensions after Iran sends a new proposal to US, offers deal to reopen the Strait of Hormuz and end the war. Index made a positive start following positive cues from other Asian markets. Soon, index extended its gains and traded higher throughout the session as sentiment were upbeat with strong earnings by Sun Pharma, RIL and other top Nifty companies. Further, some support also came in as the Commerce and Industry Ministry stated that three-day trade talks between Indian and US officials concluded on April 23, 2026 with both sides agreeing to remain engaged to sustain the momentum. During the discussions, the two sides covered several areas, including market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade. Finally, Nifty ended near 24,100 mark.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 6.77% and reached 18.38. The 50 share Nifty up by 194.75 point or 0.81% to settle at 24,092.70.

Nifty April 2026 futures closed at 24127.00 (LTP) on Monday, at a premium of 34.30 points over spot closing of 24092.70, while Nifty May 2026 futures ended at 24220.10 (LTP), at a premium of 127.40 points over spot closing. Nifty April futures saw a contraction of 9,738 units, taking the total open interest (Contracts) to 1,79,906 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 discount of 0.75 points at 789.25 (LTP) compared with spot closing of 790.00. The numbers of contracts traded were 117,019. (Provisional)

Tata Consultancy Services April 2026 futures traded at a premium of 12.40 points at 2460.40 (LTP) compared with spot closing of 2448.00. The numbers of contracts traded were 73,558. (Provisional)

Infosys April 2026 futures traded at a premium of 3.60 points at 1176.50 (LTP) compared with spot closing of 1172.90. The numbers of contracts traded were 71,691. (Provisional)

Reliance Industries April 2026 futures traded at a discount of 3.20 points at 1366.80 (LTP) compared with spot closing of 1370.00. The numbers of contracts traded were 59,564. (Provisional)

ICICI Bank April 2026 futures traded at a premium of 3.10 points at 1319.70 (LTP) compared with spot closing of 1316.60. The numbers of contracts traded were 39,514. (Provisional)

Among, Nifty calls, 24100 SP from the April month expiry was the most active call with an addition of 55,269 units open interests. Among Nifty puts, 24000 SP from the April month expiry was the most active put with an addition of 1,09,365 units open interests. The maximum OI outstanding for Calls was at 25000 SP (1,84,256 units) and that for Puts was at 24000 SP (2,05,243 units). The respective Support and Resistance levels of Nifty are: Resistance 24170.20 -- Pivot Point 24053.20 -- Support 23975.70.

The Nifty Put Call Ratio (PCR) finally stood at (0.98) for April month contract. The top five scrips with highest PCR on Suzlon Energy (1.57), GAIL (India) (1.45), Tata Consumer Products (1.42), Hitachi Energy India (1.40), and One 97 Communications (1.37).

Among most active underlying HDFC Bank witnessed an addition of 21,291 units of Open Interest in the April month futures, Reliance Industries witnessed an addition of 15,538 units of Open Interest in the April month future, ICICI Bank witnessed a contraction of 1,667 units of Open Interest in the April month future, Infosys witnessed a contraction of 8,236 units of Open Interest in the April month futures and Tata Consultancy Services witnessed a contraction of 17,860 units of Open Interest in the April month futures. (Provisional).