Snapping six-day gaining streak, Indian equity benchmark -- Nifty -- ended lower on Tuesday. Index made a cautious start following broadly negative cues from other Asian markets. Soon, index slipped below neutral line and continued its trade in red terrain. Market participants opted to book profit at higher levels and remained on sideline ahead of weekly F&O expiry. Besides, traders were concerned as the government data showed that India's exports contracted 11.80 per cent to $34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of $41.68 billion, mainly due to a jump in gold imports. In afternoon session, index trimmed some of its losses but remained in red. Traders overlooked Commerce Secretary Rajesh Agrawal’s statement that the first phase of the proposed India-US bilateral trade agreement (BTA) is nearing closure and would address the hefty 50 per cent tariffs imposed by the Trump administration on Indian goods, in addition to resolving America's market access issues. However, in dying hour of trade, index extended its losses and ended below 25,950 mark.

All sectorial indices ended in red. The top gainers from the F&O segment were GMR Airports, The Federal Bank and Housing & Urban Development Corporation. On the other hand, the top losers were Kaynes Technology India, Inox Wind and One 97 Communications. 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 increased by 2.60% and reached 12.10. The 50 share Nifty down by 103.40 point or 0.40% to settle at 25,910.05.

Nifty November 2025 futures closed at 25933.90 (LTP) on Tuesday, at a premium of 23.85 points over spot closing of 25910.05, while Nifty December 2025 futures ended at 26120.10 (LTP), at a premium of 210.05 points over spot closing. Nifty November futures saw a contraction of 4,489 units, taking the total open interest (Contracts) to 2,36,316 units. The near month derivatives contract will expire on November 25, 2025. (Provisional)

From the most active contracts, HDFC Bank November 2025 futures traded at a premium of 1.10 points at 991.95 (LTP) compared with spot closing of 990.85. The numbers of contracts traded were 31,803. (Provisional)

Infosys November 2025 futures traded at a premium of 3.40 points at 1490.20 (LTP) compared with spot closing of 1486.80. The numbers of contracts traded were 24,518. (Provisional)

Reliance Industries November 2025 futures traded at a discount of 0.30 points at 1519.70 (LTP) compared with spot closing of 1520.00. The numbers of contracts traded were 23,425. (Provisional)

Mphasis November 2025 futures traded at a premium of 6.90 points at 2669.90 (LTP) compared with spot closing of 2663.00. The numbers of contracts traded were 22,847. (Provisional)

Kaynes Technology India November 2025 futures traded at a premium of 22.50 points at 5912.50 (LTP) compared with spot closing of 5890.00. The numbers of contracts traded were 20,327. (Provisional)

Among, Nifty calls, 26000 SP from the November month expiry was the most active call with an addition of 65,366 units open interests. Among Nifty puts, 26000 SP from the November month expiry was the most active put with an addition of 31,711 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,80,285 units) and that for Puts was at 26000 SP (1,24,839 units). The respective Support and Resistance levels of Nifty are: Resistance 26001.10 -- Pivot Point 25938.80 -- Support 25847.75.

The Nifty Put Call Ratio (PCR) finally stood at (0.91) for November month contract. The top five scrips with highest PCR on Canara Bank (1.23), Voltas (1.18), Petronet LNG (1.18), Angel One (1.11) and National Aluminium Company (1.07).

Among most active underlying Reliance Industries witnessed an addition of 3,158 units of Open Interest in the November month future, HDFC Bank witnessed an addition of 4,203 units of Open Interest in the November month future, Bharti Airtel witnessed an addition of 2,719 units of Open Interest in the November month futures, Infosys witnessed an addition of 4,623 units of Open Interest in the November month futures and Mphasis witnessed an addition of 9,251 units of Open Interest in the November month futures. (Provisional).