Indian equity benchmark -- Nifty -- ended marginally higher on Tuesday amid rising tensions between India-Pakistan. Index made an optimistic start and traded higher amid ease in trade tensions between the US and its trading partners, coupled with continued foreign fund inflows that lifted investor sentiment. But soon, index erased all initial gains and turned volatile. Some concern came as RBI’s deputy governor M Rajeshwar Rao stated that climate change would lead to additional operational costs for borrowers with an increased possibility of a loss of their assets, leading to an increased probability of default by borrowers. However, index remained in green for the most part of the session, as market participants took note of a report stating that India’s industrial growth measured report, Index of Industrial Production (IIP) picked up to 3.0 per cent in March 2025 from 2.7 per cent in the previous month with growth in manufacturing and electricity generation. Finally, in last leg of the trade, index managed to hold its head in green terrain and closed above 24,300 mark.
Most of the sectorial indices ended in red except IT, Consumer Durables and Oil & Gas stocks. The top gainers from the F&O segment were Tube Investments of India, Trent and Sona BLW Precision Forgings. On the other hand, the top losers were Tata Technologies, TVS Motor Company and Cholamandalam Investment and Finance Company. In the index option segment, maximum OI continues to be seen in the 24400 - 25600 calls and 23900 - 24100 puts indicating this is the trading range expectation.
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