Indian equity benchmark -- Nifty -- ended higher on Wednesday amid ease in U.S. trade tensions. Index made a positive start followed by firm cues from other Asian markets. Some optimism came after US President Donald Trump announced trade deals with Japan and Philippines, which sparked hopes for broader progress on international trade. Soon, index gained traction. Traders took some support as the cabinet approved the free trade agreement (FTA) between India and the UK, which will be signed in London on July 24, 2025. The pact, officially called as comprehensive economic and trade agreement, will be signed during Prime Minister Narendra Modi's visit to London. Also, the better-than-expected Q1 earnings of the companies, lifted investors’ sentiments. In afternoon session, index continued its northward journey and closed near day’s high.
Most of the sectorial indices ended in green except Realty, Media and FMCG stocks. The top gainers from the F&O segment were Kalyan Jewellers India, Indian Railway Finance Corporation, and Sona BLW Precision Forgings. On the other hand, the top losers were Lodha Developers, Colgate Palmolive (India) and Prestige Estates Projects. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.
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