Indian equity benchmark -- Nifty ended higher on Monday amid optimism over US-Indian trade pact. Index made a positive start and continued its trade in green terrain. Market participants preferred to buy fundamentally good stocks. Further, some support came with Commerce and Industry Minister Piyush Goyal’s statement that the government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs). Besides, with an aim to support exporter amid high US tariffs, RBI has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations.
In second half of the session, market extended its gains and continued its northward journey till the end of the session. Traders took note of report that next round of negotiations between India and Chile on the proposed free trade agreement (FTA) is expected to be held in December 2025. The pact with the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. Finally, index closed above 26,000 mark.
All sectorial indices ended in green. The top gainers from the F&O segment were Housing & Urban Development Corporation, Siemens and PB Fintech. On the other hand, the top losers were Tata Motors Passenger Vehicles, Mphasis and Astral. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 25900 - 26100 puts indicating this is the trading range expectation.
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