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Nifty ends lower amid sell-off in IT stocks
Jul-11-2025

Indian equity benchmark -- Nifty -- ended lower on Friday amid selling in IT stocks following weaker than expected Q1 earning from IT major company TCS for FY25-26. Index made a gap-down start amid rising concerns over US President Donald Trump’s tariff decisions and implications overnight. Donald Trump has threatened 35% tariff on goods coming from Canada to US. Soon, index intensified its losses and continued to trade in red terrain. Market participants remained cautious ahead of US-India trade deal. Further, traders took a note of domestic ratings agency Crisil’s statement that private asset reconstruction companies' assets under management (AUM), measured in terms of security receipts, is set to decline by up to 6 per cent in FY26 to Rs 1.05 lakh crore as redemptions outpacing acquisitions. It said this on top of a 15 per cent decline in the AUM in FY25, pitching for a slew of changes that such entities need to adopt going forward. In afternoon session, index continued its choppy trade and ended near day’s low point.

Most of the sectorial indices ended in red except Pharma and FMCG stocks. The top gainers from the F&O segment were Glenmark Pharmaceuticals, Hindustan Unilever, and Piramal Enterprises. On the other hand, the top losers were Indian Renewable Energy Development Agency, Amber Enterprises India and BSE. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 1.24% and reached 11.82. The 50 share Nifty down by 205.40 point or 0.81% to settle at 25,149.85.

Nifty July 2025 futures closed at 25208.00 (LTP) on Friday, at a premium of 58.15 points over spot closing of 25149.85, while Nifty August 2025 futures ended at 25310.00 (LTP), at a premium of 160.15 points over spot closing. Nifty July futures saw an additional of 7,286 units, taking the total open interest (Contracts) to 1,86,832 units. The near month derivatives contract will expire on July 31, 2025. (Provisional)

From the most active contracts, Tata Consultancy Services July 2025 futures traded at a discount of 1.30 points at 3263.20 (LTP) compared with spot closing of 3264.50. The numbers of contracts traded were 52,324. (Provisional)

Glenmark Pharmaceuticals July 2025 futures traded at a premium of 2.30 points at 2178.20 (LTP) compared with spot closing of 2175.90. The numbers of contracts traded were 48,993. (Provisional)

Infosys July 2025 futures traded at a discount of 1.50 points at 1593.00 (LTP) compared with spot closing of 1594.50. The numbers of contracts traded were 44,419. (Provisional)

Hindustan Unilever July 2025 futures traded at a premium of 4.50 points at 2524.50 (LTP) compared with spot closing of 2520.00. The numbers of contracts traded were 27,178. (Provisional)

Tata Elxsi July 2025 futures traded at a premium of 2.00 points at 6042.00 (LTP) compared with spot closing of 6040.00. The numbers of contracts traded were 23,994. (Provisional)

Among, Nifty calls, 26000 SP from the July month expiry was the most active call with a contraction of 13,000 units open interests. Among Nifty puts, 25000 SP from the July month expiry was the most active put with an additional of 2,154 units open interests. The maximum OI outstanding for Calls was at 26000 SP (62,735 units) and that for Puts was at 25000 SP (99,097 units). The respective Support and Resistance levels of Nifty are: Resistance 25271.87 -- Pivot Point 25200.43 -- Support 25078.42.

The Nifty Put Call Ratio (PCR) finally stood at (1.11) for July month contract. The top five scrips with highest PCR on Blue Star (1.26), Havells India (1.02), Laurus Labs (1.01), Vedanta (0.98) and Tata Elxsi (0.95).

Among most active underlying Glenmark Pharmaceuticals witnessed an additional of 4,726 units of Open Interest in the July month future, Tata Consultancy Services witnessed an additional of 10,328 units of Open Interest in the July month future, Infosys witnessed an additional of 19,872 units of Open Interest in the July month futures, BSE witnessed an additional of 3,613 units of Open Interest in the July month futures and Hindustan Unilever witnessed an additional of 5,643 units of Open Interest in the July month futures. (Provisional).

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