Indian equity benchmark -- Nifty -- ended higher on Wednesday ahead of Fed policy outcome. Index made a positive start following firm cues from global markets. Sentiments were upbeat with potential India-US trade deal. Further, index extended its gains and remained in green amid strong inflows from foreign investors. Foreign institutional investors (FIIs) were net buyers of equity worth Rs 10,339.80 crore on Tuesday, as per exchange data. Further, some optimism came as India's industrial production growth remained steady at 4 per cent in September this year due to the good performance of the manufacturing sector buoyed by GST rationalisation and festive demand. 

In afternoon session, market continued trade its trade in green territory. Traders took note of a report that the negotiating teams of India and the European Union making good progress on tariff-related issues and an EU delegation will visit India next week to further iron out differences for an early conclusion of the proposed free trade agreement (FTA). Finally, index closed above 26,050 mark.

Most of the sectorial indices ended in green except Auto stocks. The top gainers from the F&O segment were Adani Green Energy, Varun Beverages and Steel Authority of India. On the other hand, the top losers were HDFC Asset Management Company, Kfin Technologies and 360 ONE WAM. In the index option segment, maximum OI continues to be seen in the 26900 - 27100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 0.16% and reached 11.97. The 50 share Nifty up by 117.70 point or 0.45% to settle at 26,053.90.

Nifty November 2025 futures closed at 26261.30 (LTP) on Wednesday, at a premium of 207.40 points over spot closing of 26053.90, while Nifty December 2025 futures ended at 26430.00 (LTP), at a premium of 376.10 points over spot closing. Nifty November futures saw an addition of 8,025 units, taking the total open interest (Contracts) to 1,98,190 units. The near month derivatives contract will expire on November 25, 2025. (Provisional)

From the most active contracts, Varun Beverages November 2025 futures traded at a premium of 3.90 points at 499.40 (LTP) compared with spot closing of 495.50. The numbers of contracts traded were 42,246. (Provisional)

Adani Green Energy November 2025 futures traded at a premium of 8.60 points at 1123.90 (LTP) compared with spot closing of 1115.30. The numbers of contracts traded were 35,861. (Provisional)

Coal India November 2025 futures traded at a premium of 1.55 points at 384.50 (LTP) compared with spot closing of 382.95. The numbers of contracts traded were 31,779. (Provisional)

Vedanta November 2025 futures traded at a premium of 2.00 points at 514.00 (LTP) compared with spot closing of 512.00. The numbers of contracts traded were 30,050. (Provisional)

Steel Authority of India November 2025 futures traded at a premium of 0.98 points at 141.27 (LTP) compared with spot closing of 140.29. The numbers of contracts traded were 29,333. (Provisional)

Among, Nifty calls, 26000 SP from the November month expiry was the most active call with a contraction of 3,675 units open interests. Among Nifty puts, 26000 SP from the November month expiry was the most active put with an addition of 10,201 units open interests. The maximum OI outstanding for Calls was at 27000 SP (46,267 units) and that for Puts was at 25000 SP (57,518 units). The respective Support and Resistance levels of Nifty are: Resistance 26114.40 -- Pivot Point 26037.35 -- Support 25976.85.

The Nifty Put Call Ratio (PCR) finally stood at (1.23) for November month contract. The top five scrips with highest PCR on Petronet LNG (1.28), SBI Life Insurance Company (1.14), FSN E-Commerce Ventures (1.12), Jindal Steel (1.10) and AU Small Finance Bank (1.07).

Among most active underlying Adani Green Energy witnessed an addition of 21 units of Open Interest in the November month future, Varun Beverages witnessed an addition of 650 units of Open Interest in the November month future, Steel Authority of India witnessed an addition of 7,749 units of Open Interest in the November month futures, Larsen & Toubro witnessed an addition of 5,379 units of Open Interest in the November month futures and Vedanta witnessed an addition of 956 units of Open Interest in the November month futures. (Provisional).