Indian equity benchmark -- Nifty continued its optimistic trade for second consecutive day and ended the session with gains of around a percent on Monday after President Donald Trump announced that an agreement had been reached to end the war between the U.S. and Iran. Further, sharp fall in crude oil prices also supported market sentiments. Market made a gap-up start and remained higher throughout the day, supported by broad based buying in almost all the sectors led by Realty, Consumer Durables and Cement stocks. Besides, traders took encouragement as the Ministry of External Affairs said that Prime Minister Narendra Modi held discussions with French President Emmanuel Macron on a wide range of areas, including AI, startups, trade, infrastructure, mobility and health. Further, rupee appreciation against US dollar also boosted trading sentiments.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 2.48% and reached 14.35. The 50 share Nifty up by 231.00 point or 0.98% to settle at 23,853.90.
Nifty June 2026 futures closed at 23930.00 (LTP) on Monday, at a premium of 76.10 points over spot closing of 23853.90, while Nifty July 2026 futures ended at 24017.00 (LTP), at a premium of 163.10 points over spot closing. Nifty June futures saw a contraction of 2,686 units, taking the total open interest (Contracts) to 2,77,314 units. The near month derivatives contract will expire on June 30, 2026. (Provisional)