Indian equity benchmark -- Nifty -- ended higher for fourth straight session on Tuesday ahead of September-quarter earnings. Index made slightly positive start following firm cues from other Asian markets. Soon, index gained traction and continued its firm trade in green terrain. Sentiments remained optimistic after NITI Aayog’s CEO BVR Subrahmanyam exuded confidence that a trade agreement would be concluded between India and the US soon, as both countries are committed to having a mutually beneficial bilateral trade pact. However, in late morning session, index pared some of their gains. Some cautiousness come as credit rating agency Crisil said that the gross non-performing assets for the banking system's micro, small and medium enterprises (MSMEs) portfolio are likely to rise moderately to about 3.9% by FY26-end. In second half of the session, index showed recovery and continued its trade in green. Sentiment got boost as the World Bank upped India’s growth estimates for the current fiscal (FY26) by 20 basis points to 6.5 per cent from its June projection of 6.3 per cent. However, in last leg of the trade, index trimmed most of its gains but managed to end above 25100 mark.
Traders were seen piling up positions in Realty, Oil & Gas and Pharma stocks, while selling was witnessed in FMCG, Media and PSU Bank. The top gainers from the F&O segment were Vodafone Idea, Indraprastha Gas and Divi's Laboratories. On the other hand, the top losers were Hitachi Energy India, Tata Motors and Axis Bank. 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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