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Informist, Wednesday, Apr. 15, 2026

By Simran Rede

MUMBAI – A fall in global crude oil prices and optimism over a likely diplomatic solution to the war in West Asia raised hope among investors with them closing some of their short bets on the market Wednesday. Moreover, traders bought call options and sold put options of the Nifty 50 derivatives, implying a further bullish movement in the index in the coming sessions.

Premiums on deep out-of-the-money on 24250–25500 strikes rose 22–70% with the highest addition and maximum concentration of open interest at 25000 strikes. On the put side, traders sold deep out-of-the-money put contracts visible from the fall in premiums by up to 81% on strikes up to 23000 points. The highest build-up of open interest was on the 24200-put contract and maximum concentration was on the 23000 put option.

The Nifty 50 maintained its opening gains, thereby surpassing the psychologically important 24000-point mark for the second time since Mar. 10. It closed at 24231.30 points, up 1.6%. The BSE Sensex also ended 1.6% higher at 78111.24 points. The domestic indices mirrored the rise in the headline indices of the US and Asia, which closed around 0.2-2.0% higher on hope of a positive outcome from the US-Iran negotiations.

Crude oil prices eased below the psychologically crucial $100 per barrel mark as expectation of talks outweighed concern over supply disruptions. At 1608 IST, the June contract of Brent Crude Oil futures was up 2% at $96.67 per barrel on the Intercontinental Exchange.

"This market action indicates significant reversal of trend on the upside. The huge upside gap opening of 8th April remains partially filled after five sessions of its formation. This is positive indication," Nagaraj Shetti, senior technical research analyst at HDFC Securities, said in a note. 

Thursday, the Nifty 50 may head towards 24500-24800 points. The 24000–23900-point level will act as a strong base for the Nifty 50 if any dip occurs from where the sentiment could change. In that case, traders may prefer to exit their long positions, analysts said. The April futures contract of the Nifty 50 closed at 24225.00 points, a discount of 6.30 points to the spot index. Open interest in this contract rose 0.3% to 18.75 million, as per provisional data. 

--Nifty 50 April closed at 24225.00, up 366.30 points; 6.30-point discount to the spot index

--Nifty 50 May closed at 24351.10, up 362.30 points; 119.80-point premium to the spot index

--Nifty 50 June closed at 24518.00, up 365.10 points; 286.70-point premium to the spot index

ICICI Bank, Bharti Airtel, HDFC Bank, Infosys, Multi Commodity Exchange of India, Vedanta, Tata Consultancy Services, State Bank of India, Reliance Industries, Wipro, Axis Bank, BSE, Larsen & Toubro, Dixon Technologies (India), HCL Technologies, Maruti Suzuki India, Hindalco Industries, and InterGlobe Aviation were the most actively traded underlying stocks Wednesday.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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