Snapping two-day losing streak, Indian equity benchmark -- Nifty ended higher with gains of around two percent on Friday amid optimism over potential US-Iran peace deal. Index begun day on an optimistic note and continued it firm momentum throughout the day, as sentiment got boosted after US President Donald Trump’s comments regarding near completion of peace deal with Iran to end the war, Iran has acknowledged receiving a proposed memorandum of understanding from the US and the confirmed significant progress in negotiations. Further, Cooling crude oil prices and the appreciation of the Indian rupee against US dollar supported market sentiments. Afterwards, Nifty extended its gains and closed above the key 23,600 level.
Most of the sectorial indices ended in green except IT stocks. The top gainers from the F&O segment were Ashok Leyland, Inox Wind and Shriram Finance. On the other hand, the top losers were Nestle India, Oil India and Oil & Natural Gas Corporation. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 22900 - 23100 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 5.73% and reached 14.72. The 50 share Nifty up by 461.30 point or 1.99% to settle at 23,622.90.
Nifty June 2026 futures closed at 23714.80 (LTP) on Friday, at a premium of 91.90 points over spot closing of 23622.90, while Nifty July 2026 futures ended at 23798.00 (LTP), at a premium of 175.10 points over spot closing. Nifty June futures saw a contraction of 121 units
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