Nifty ends higher amid ease in West Asia tensions

03 Jul 2026 Evaluate

Indian equity benchmark -- Nifty ended higher on Friday amid ease in West Asia tensions as continued progress in the US-Iran negotiations strengthened hopes of a diplomatic resolution, easing concerns over energy supply disruptions and providing support to risk assets. Index began the session with gains of around a percent, tracking positive cues from other Asian markets. Further, strong buying in Realty, IT and Pharma stocks boosted trading sentiments. Some support also came as India and Japan have unveiled a raft of initiatives, including an economic partnership framework and a defence pact to co-develop military hardware following talks between Prime Minister (PM) Narendra Modi and his Japanese counterpart Sanae Takaichi. Further, Moody's Ratings in its latest report said that India's private credit market has doubled in size over the past five years, reaching around $25 billion in AUM by the end of 2025, with annual transaction volumes exceeding $11 billion. However, in second half of the session, markets trimmed some of its gains on account of profit booking but continued its positive trade till the end of the session. Finally, Nifty ended above 24,250 mark.

Most of the sectorial indices ended in green led by Realty, IT, and Pharma. The top gainers from the F&O segment were HCL Technologies, Lodha Developers and Kaynes Technology India. On the other hand, the top losers were Hitachi Energy India, GE Vernova T&D India and CG Power and Industrial Solutions. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 3.98% and reached 11.80. The 50 share Nifty up by 95.15 point or 0.39% to settle at 24,270.85.

Nifty July 2026 futures closed at 24351.10 (LTP) on Friday, at a premium of 80.25 points over spot closing of 24270.85, while Nifty August 2026 futures ended at 24450.00 (LTP), at a premium of 179.15 points over spot closing. Nifty July futures saw a contraction of 1,785 units, taking the total open interest (Contracts) to 2,63,237 units. The near month derivatives contract will expire on July 28, 2026. (Provisional)

From the most active contracts, HCL Technologies July 2026 futures traded at a discount of 7.20 points at 1132.80 (LTP) compared with spot closing of 1140.00. The numbers of contracts traded were 33,492. (Provisional)

Infosys July 2026 futures traded at a discount of 1.10 points at 1046.00 (LTP) compared with spot closing of 1047.10. The numbers of contracts traded were 31,221. (Provisional)

PB Fintech July 2026 futures traded at a premium of 1.20 points at 1587.20 (LTP) compared with spot closing of 1586.00. The numbers of contracts traded were 21,316. (Provisional)

Tata Consultancy Services July 20

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