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Informist, Friday, Jul. 3, 2026

By Simran Rede

MUMBAI – After the rise in the Nifty 50 for the third consecutive session Friday, traders added more bullish bets in the options chain of the Nifty 50 derivatives. As the situation in West Asia remains calm and crude oil prices have eased after touching a peak in late April, traders have begun showing interest in Indian equities, adding long positions in the Nifty 50 options chain.

"With several overhangs easing during the week, Indian equities shifted from defensive caution at the start to growing optimism by the close," Vinod Nair, head of research at Geojit Investments, said in a note. "The broader bias remains buy-on-dips, with a preference for large caps given their relative earnings resilience and attractive valuations," he said.

On Friday, the Nifty 50 closed at 24270.85 points, 0.4% higher than Thursday's close. The market rose for the third session in a row, with investors covering some of their short positions they had placed earlier amid caution on the geopolitical front. Going ahead, resistance for the index is pegged at 24400-24500 points, and support at 24180-24100 points.

Traders bought out-of-the-money call options on the 50-stock index, pushing their premiums up 11-20%, while selling put options, resulting in a decline in premiums by more than 50%. The highest addition in open interest was in the 24300-point call and put contracts of the Nifty 50, while the maximum concentration was in the 25000-call option and 2400-put contract. Traders also covered short positions in the index's July futures, with open interest falling by over 1% to 17.05 million. They added bullish bets in the August and September contracts.

The focus is expected to turn to the June quarter earnings, which will kick start next week. Analysts expect the war in West Asia to affect corporate earnings in the June quarter. However, they project a recovery in the second half of the current financial year as the macroeconomic environment seems favourable. With the fall in crude oil prices, they also see a moderation in consumer inflation, which rests the case for the Reserve Bank of India to hike interest rates this year.
 

--Nifty 50 July closed at 24351.10, up 86.10 points; 80.25-point premium to the spot index

--Nifty 50 August closed at 24450.00, up 96.00 points; 179.15-point premium to the spot index

--Nifty 50 September closed at 24621.80, up 107.60 points; 350.95-point premium to the spot index

Adani Enterprises, HCL Technologies, CG Power and Industrial Solutions, Hitachi Energy India, Infosys, ICICI Bank, Multi Commodity Exchange of India, Bharat Heavy Electricals, HDFC Bank, and PB Fintech were the most actively traded underlying stocks Friday.  End

Edited by Saji George Titus

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