Indian equity benchmark -- Nifty -- ended higher on Monday amid ease in US-China trade tensions. Index made a gap-up start followed by firm cues from other Asian markets and Wall Street amid ease in trade war tensions after the leaders of the U.S. and China agreed to further talks aimed at reaching a deal. Further, slightly stronger than expected U.S. job growth in May also helped to offset concerns about the strength of the US economy following some recent downbeat data. Domestic sentiments remined upbeat as market participants took support with the government report stated that India's agricultural sector undergone a profound transformation over the past 11 years through various government schemes and increased budgetary allocations, empowering farmers to lead the nation from food security to global food leadership. In afternoon session, index off day’s high but continued its trade in green till the end of the session. Finally, index closed above 25,100 mark.
Most of the sectorial indices ended in green except realty stocks. The top gainers from the F&O segment were IIFL Finance, Bandhan Bank, and Manappuram Finance. On the other hand, the top losers were Kalyan Jewellers India, APL Apollo Tubes and Eternal. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24400 - 24600 puts indicating this is the trading range expectation.
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