Nifty Closes Higher as Crude Oil Prices Ease
By ThePip Desk
Nifty ends higher as crude oil prices ease on shipment reports. Discover key trading ranges, sector performance, and India’s FY27 GDP growth forecast.
Nifty ended higher on Friday as crude oil prices eased following reports of additional Saudi crude shipments through Oman. The benchmark index finished near the 23,350 mark after starting positively and maintaining range bound gains throughout the session.
Key Figures and Trading Range
Traders closely monitored specific index levels and futures data during Friday’s trading session.
- Nifty September 2026 futures LTP: 23,380.00
- Nifty spot closing: 23,346.40
- Premium over spot: 33.60 points
- Call options max open interest range: 23,900 – 24,100
- Put options max open interest range: 22,900 – 23,100
Support emerged as the Commerce Ministry stated that India and New Zealand are working closely to complete domestic processes for an early pact implementation. Investor optimism further increased after Moody’s Ratings raised India’s FY27 GDP growth forecast to 7% from 6%.
Sector Performance and Market Movers
Most sectoral indices closed in green territory, led by Cement, Metal, and Media stocks. Market participants observed distinct leaders and laggards across the futures and options segment.
- Top F&O gainers: Supreme Industries, UNO Minda, Rail Vikas Nigam
- Top F&O losers: KPIT Technologies, Tata Consultancy Services, Tata Elxsi
Maximum open interest in index options indicates a defined trading range expectation between 22,900 and 24,100.