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NIFTY HIGHLIGHTS

Nifty's 32.5% October Thursday rollover trailed the previous expiry's 40.1%, falling below the 37.0% three-month and 37.1% six-month averages, signaling cautious investor sentiment. Bank Nifty's transitions slumped to 27.8% versus the prior 35.1%, underperforming the 31.0% three-month and 36.8% six-month averages, highlighting a temporary financial pullback. Market wide carry-forwards settled at 37.5% on Thursday, down from 40.4% previously and lagging the 39.0% quarterly and 39.2% halfyearly averages, reflecting ongoing consolidation. October transition expenses edged higher to 0.40% on Thursday from the preceding expiry's 0.34%, underscoring lingering bullish conviction as traders pay a premium to carry positions. The option data for the October series has a strong Call Open Interest (OI) at the 23,000-strike price, followed by 23,200 acting as strong resistance. In contrast, a substantial concentration of Put OI stand-in as support is observed at 22,500, with additional levels at 22,600.

Stock & Sector Highlights

- MANAPPURAM, NAM-INDIA, TECHM, ASTRAL and GLENMARK saw higher rollover on Thursday compared to same day of previous expiry.

- NMDC, SUPREMEIND, INFY, COCHINSHIP and APLAPOLLO saw lower rollover on Thursday compared to same day of previous expiry.

- Highest rollover in current expiry for the day is seen in ADANIENSOL, AUROPHARMA, HINDALCO, HDFCBANK and WAAREEENER.

- Lowest rollover in current expiry for the day is seen in INFY, PGEL, NMDC, SAGILITY and POLYCAB.

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