More Stories

Informist, Monday, Mar. 30, 2026

 

By Simran Rede

 

MUMBAI – With the end of the financial year amid a war in West Asia, traders added more short positions in Nifty 50 call derivatives. They also bought some put options at multiple strikes of the contracts expiring Apr. 7. Premiums on deep out-of-the-money call options more than halved and those on out-of-the-money put contracts close to the spot level rose slightly. 

 

Monday, the Nifty 50 ended 2.1% lower at 22331.40 points and the Sensex closed 2.2% lower at 71947.55 points. The 50-stock index ended at its lowest closing level in 11 months. High crude oil prices due to concerns of supply disruptions after Yemeni Houthis launched their first attacks on Israel over the weekend dampened the market sentiment.

 

The put-call ratio for the contracts expiring next week is 0.77, indicating a sell-on-the-rise trading approach in the short term, Vipin Kumaar, senior technical and derivatives analyst at Globe Capital Market, said. Immediate support for the Nifty 50 is seen at 22000-217000 points and the resistance is pegged at 22600-22800 points, according to Kumaar.

 

The financial year 2025-26 (Apr-Mar) turned out to be a roller-coaster ride, with major positive and negative surprises that affected market movements. Despite some positive news, foreign investors continued their selling spree this financial year owing to high valuations and poor returns over the last three years, whereas markets such as Taiwan and China have delivered better returns, analysts said.

 

While analysts say that valuations now appear more favourable after the recent market correction following artificial intelligence jitters, the trajectory of earnings revisions will be a key determinant of market direction. Continued volatility in oil prices and a weak rupee may put pressure on input costs, increasing the risk of near-term earnings downgrades, Vinod Nair, head of research at Geojit Investments, said in a note.

 

"Nifty (50) and Banknifty (Nifty Bank) futures rolled 76% & 85% (provisional data) of open interest respectively into next contracts, which is significantly higher than the previous month as well as past three months' average rollovers," Kumaar of Globe Capital said.

 

--Nifty 50 April closed at 22454.60, down 454.10 points; 123.20-point premium to the spot index

--Nifty 50 May closed at 22605.00, down 438.90 points; 273.60-point premium to the spot index

 

HDFC Bank, ICICI Bank, Reliance Industries, State Bank of India, Axis Bank, Bharti Airtel, Vodafone Idea, Infosys, Larsen & Toubro, InterGlobe Aviation, Kotak Mahindra Bank, Tata Consultancy Services, Adani Enterprises, Bajaj Finance, Vedanta, ITC, Eternal, Steel Authority of India, Bharat Electronics, and Hindustan Aeronautics were the most actively traded underlying stocks Monday.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.