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Informist, Monday, Feb. 9, 2026

 

By Simran Rede

 

MUMBAI – Traders covered their short positions in the Nifty 50 and also added long ones as India and the US issued a joint statement Saturday on the trade deal. On Monday, the Nifty 50 opened with a gap up, signalling optimism about the trade deal. Analysts expect this to attract foreign portfolio investment in India.

 

FPIs have begun returning to domestic equities this month, with net purchases of over INR 81 billion till Friday, compared with the net outflow of about INR 360 billion in January. Despite this improvement, market participants remain cautious about the sustainability of these flows and continue to monitor broader global economic indicators, analysts said. Monday, the India VIX, the fear gauge of Dalal Street, ended over 2% higher at 12.1900, implying near-term nervousness among investors.

 

On Monday, cheer around the joint statement lured investors, leading to a sharp rise in benchmark indices, which opened with a 0.7% and 0.8% gap up. Monday, the Nifty 50 managed to sustain above Friday's intraday high, assuring limited downside of the index in the near term. The 50-stock index closed 0.7% higher at 25867.30 points on Monday. The BSE Sensex ended up 0.6% at 84065.75 points.

 

The Nifty 50 is facing strong resistance near 25920 points, while 25780 acted as a key support Monday. A breakout above this resistance level may lead to fresh buying momentum, pushing the index towards 26100 points in the upcoming sessions, Rishabh Srivastava, technical analyst at Lakshmishree Investment and Securities Pvt. Ltd., said. On the flip side, if the index falls below 25780 points, then it could trigger short-term selling pressure. 

 

In the options chain of the Nifty 50, premiums on deep out-of-the-money call contracts expiring Tuesday and next week surged 21-54%, while those on put options declined 40-75%, hinting at bullishness in the near term. The maximum open interest addition and concentration were at the 26000-point call and 25800-point put contracts. 

 

The Nifty 50 futures contract mirrored the rise in the cash market, with traders closing their positions by buying. The February contract settled 0.7% higher, and open interest fell 3.6% to 15.38 million, closing at a 41.70-point premium to the spot index. The futures contracts of March and April saw the addition of long positions, supporting the positive sentiment. 

 

 

--Nifty 50 February closed at 25909.00, up 173.90 points; 41.70-point premium to the spot index
--Nifty 50 March closed at 26060.00, up 168.10 points; 192.70-point premium to the spot index
--Nifty 50 April closed at 26220.00, up 174.50 points; 352.70-point premium to the spot index

 

State Bank of India, Kalyan Jewellers India, Tata Steel, HDFC Bank, BSE, ICICI Bank, Kotak Mahindra Bank, Shriram Finance, Vodafone Idea, Multi Commodity Exchange of India, Hindustan Aeronautics, Power Finance Corp., REC, Kaynes Technologies India, Reliance Industries, and Titan Co. were the most actively traded underlying stocks Monday.  End

 

Edited by Saji George Titus

 

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