F&O market wrap: 23 Oct 2026
Nifty 50 closed at 22,600.00 (-0.39%); Nifty OI put-call ratio 0.74; FII net index futures -2,80,183 contracts.
Index closes
Nifty 50 closed at 22,600.00, down 87.65 points (-0.39%), with a day range of 22,372.00 to 22,787.25.
Bank Nifty closed at 54,287.35, down 638.35 points (-1.16%), with a day range of 53,942.35 to 54,990.50.
Nifty Financial Services closed at 24,403.00, down 254.70 points (-1.03%), with a day range of 24,217.95 to 24,684.40.
Nifty Midcap Select closed at 13,033.05, down 282.15 points (-2.12%), with a day range of 12,912.40 to 13,309.00.
India VIX closed at 16.86, up 1.10 points (+6.96%), with a day range of 15.27 to 17.10.
Options positioning
NIFTY, expiry 27 Oct 2026: max pain is 22,700, and the index closed 100.00 points below it. The OI put-call ratio is 0.74 (more call than put open interest).
NIFTY open interest: the largest call OI is at 24,000 (3,00,789 lots) and the largest put OI at 21,500 (2,08,331 lots). The most new call OI was added at 22,500 (+84,279 lots) and the most new put OI at 22,500 (+43,105 lots).
BANKNIFTY, expiry 27 Oct 2026: max pain is 55,000, and the index closed 712.65 points below it. The OI put-call ratio is 0.87 (more call than put open interest).
BANKNIFTY open interest: the largest call OI is at 56,000 (56,351 lots) and the largest put OI at 52,000 (43,490 lots). The most new call OI was added at 54,500 (+11,852 lots) and the most new put OI at 52,000 (+15,207 lots).
FII and DII positions
FII net index futures position: -2,80,183 contracts (+117 from the previous session, when it was -2,80,300). Net index call options -2,79,943, net index put options +5,72,931 contracts.
DII net index futures position: +39,380 contracts (+1,610 from the previous session, when it was +37,770). Net index call options +9,155, net index put options +93,007 contracts.
Stock futures: price and open interest
Short covering (price up, OI down): HCLTECH (price +0.05%, OI -49.12%), GRASIM (price +0.17%, OI -46.18%), ULTRACEMCO (price +0.27%, OI -44.41%), ETERNAL (price +4.05%, OI -41.59%), TCS (price +1.00%, OI -41.48%).
Long unwinding (price down, OI down): PETRONET (price -1.82%, OI -55.25%), SAIL (price -3.65%, OI -54.77%), JSWSTEEL (price -3.23%, OI -54.42%), PHOENIXLTD (price -2.40%, OI -53.37%), MPHASIS (price -1.09%, OI -53.20%).
F&O ban list and position limits
Securities in the F&O ban period for 26 OCT 2026: AMBUJACEM, KAYNES, SAIL.
Closest to their market-wide position limit (future-equivalent open interest as a share of MWPL): SAIL 91.1%, AMBUJACEM 88.9%, MANAPPURAM 87.3%, INOXWIND 86.2%, LICHSGFIN 85.9%, KAYNES 83.5%, BANDHANBNK 81.0%, CROMPTON 79.9%.
Delivery
Highest delivery percentage among stocks with at least Rs 50 crore traded: LIQUIDBETF 86.8%, ZETWERK 73.5%, BALKRISIND 72.0%, LIQUIDADD 70.9%, RUBICON 69.2%, KOTAKBANK 68.3%, LGEINDIA 68.2%, INDUSTOWER 67.7%.
Calculated from NSE end-of-day files for the 2026-10-23 session. Open interest is shown in lots. For information and education only; not trading advice.