Snapping previous session’s losses, Indian equity benchmark -- Nifty settled higher with gains of over one and half percent on Wednesday amid ease in geopolitical tensions. Index made a gap-up start and maintained its gain throughout the session as renewed hopes of Iran-US peace talk, and lowering crude oil prices boosted market sentiments. Index witnessed broad based buying across the sector as traders opted to buy fundamentally good stocks after recent fall. Further, sentiments remained up-beat with the International Monetary Fund’s (IMF) report stating that India’s economy is expected to grow a tad faster at 6.5 per cent in 2027 despite escalating tensions in West Asia.
All sectorial indices ended in green. The top gainers from the F&O segment were PG Electroplast, Siemens and Suzlon Energy. On the other hand, the top losers were Indus Towers, Oil India and Indian Bank. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 22900 - 23100 puts indicating this is the trading range expectation.
