Indian equity benchmark -- Nifty ended higher on Monday amid optimism over US-Indian trade pact. Index made a positive start and continued its trade in green terrain. Market participants preferred to buy fundamentally good stocks. Further, some support came with Commerce and Industry Minister Piyush Goyal’s statement that the government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs). Besides, with an aim to support exporter amid high US tariffs, RBI has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations.

In second half of the session, market extended its gains and continued its northward journey till the end of the session. Traders took note of report that next round of negotiations between India and Chile on the proposed free trade agreement (FTA) is expected to be held in December 2025. The pact with the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. Finally, index closed above 26,000 mark.

All sectorial indices ended in green. The top gainers from the F&O segment were Housing & Urban Development Corporation, Siemens and PB Fintech. On the other hand, the top losers were Tata Motors Passenger Vehicles, Mphasis and Astral. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 25900 - 26100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.25% and reached 11.79. The 50 share Nifty up by 103.40 point or 0.40% to settle at 26,013.45.

Nifty November 2025 futures closed at 26061.90 (LTP) on Monday, at a premium of 48.45 points over spot closing of 26013.45, while Nifty December 2025 futures ended at 26245.00 (LTP), at a premium of 231.55 points over spot closing. Nifty November futures saw a contraction of 588 units, taking the total open interest (Contracts) to 2,43,978 units. The near month derivatives contract will expire on November 25, 2025. (Provisional) 

From the most active contracts, Tata Motors Passenger Vehicles November 2025 futures traded at a discount of 0.35 points at 372.30 (LTP) compared with spot closing of 372.65. The numbers of contracts traded were 41,381. (Provisional) 

Glenmark Pharmaceuticals November 2025 futures traded at a premium of 7.60 points at 1874.90 (LTP) compared with spot closing of 1867.30. The numbers of contracts traded were 29,929. (Provisional)

HDFC Bank November 2025 futures traded at a premium of 1.05 points at 997.50 (LTP) compared with spot closing of 996.45. The numbers of contracts traded were 29,016. (Provisional)

Infosys November 2025 futures traded at a premium of 0.80 points at 1507.80 (LTP) compared with spot closing of 1507.00. The numbers of contracts traded were 18,437. (Provisional)

Hero MotoCorp November 2025 futures traded at a premium of 22.50 points at 5815.00 (LTP) compared with spot closing of 5792.50. The numbers of contracts traded were 17,541. (Provisional)

Among, Nifty calls, 26000 SP from the November month expiry was the most active call with an addition of 14,175 units open interests. Among Nifty puts, 26000 SP from the November month expiry was the most active put with an addition of 24,691 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,16,513 units) and that for Puts was at 26000 SP (94,375 units). The respective Support and Resistance levels of Nifty are: Resistance 26056.32 -- Pivot Point 25981.33 -- Support 25938.47.

The Nifty Put Call Ratio (PCR) finally stood at (1.01) for November month contract. The top five scrips with highest PCR on Canara Bank (1.33), Petronet LNG (1.23), Angel One (1.21), Muthoot Finance (1.20) and PG Electroplast (1.17).

Among most active underlying Glenmark Pharmaceuticals witnessed an addition of 6,663 units of Open Interest in the November month future, HDFC Bank witnessed an addition of 5,126 units of Open Interest in the November month future, Hero MotoCorp witnessed an addition of 1,576 units of Open Interest in the November month futures, Tata Motors Passenger Vehicles witnessed an addition of 16,413 units of Open Interest in the November month futures and Reliance Industries witnessed a contraction of 389 units of Open Interest in the November month futures. (Provisional).