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Informist, Wednesday, Sept. 24, 2025

By Akash Mandal

MUMBAI – The domestic market is likely to remain in a tight range this week, as indicated by the sharp fall in premiums across most call and put contracts of the Nifty 50. The index is unlikely to fall significantly, with the 25000 level expected to act as a crucial support, derivatives analysts said.

Both the Nifty 50 and Sensex have risen more than 2% so far in September. On Wednesday, the Nifty 50 ended at 25056.90 points, down 112.60 points or 0.5%. Going forward, a trade deal between the US and India or policy announcements by US President Donald Trump could be the next big triggers for the market. The earnings season for the September quarter, which kick start in the next couple weeks, will also provide cues to investors.

"Call writing alongside with put addition indicate some sort of consolidation around current levels," said Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market. "Net options positions are indicating towards slightly negative sentiments," he added.

On the call side, 25100-25400 strikes of the Nifty 50 saw the highest open interest addition, indicating that the near-term upside is expected to be limited for the index. The highest open interest concentration continued to be at the 26000 and 25500 strikes at 12 million to 13 million. Around half of the total open interest concentration at the 25100-25400 strikes were added Wednesday. These strikes have an open interest of 7 million to 9 million. 

On the put side, some out-of-the-money strikes saw a rise in premiums, indicating a slightly bearish bias in the market. The maximum open interest concentration was at the 25000 strike, which has an addition of nearly 5 million.

--Nifty 50 September closed at 25113.00, down 142.80 points; 56.10-point premium to the spot index

--Nifty 50 October closed at 25237.00, down 146.30 points; 180.10-point premium to the spot index

--Nifty 50 November closed at 25373.00, down 144.20 points; 316.10-point premium to the spot index

Axis Bank, HDFC Bank, Reliance Industries, ICICI Bank, Eternal, Bajaj Finance, State Bank of India, Maruti Suzuki India, JSW Steel, Vodafone Idea, BSE, Tata Motors, Kotak Mahindra Bank, Canara Bank, and Jio Financial Services were the most active underlying stocks Wednesday.  End

Edited by Ashish Shirke

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