Snapping previous session’s losses, Indian equity benchmark -- Nifty -- ended higher on Wednesday. Index made a cautious start following negative cues from other Asian markets. Soon, index turned volatility but managed to gain some traction during late morning session. Market witnessed a hectic buying in IT and Banking sector ahead of potential US-India trade deal. Further, sentiments were upbeat after SBI research report stated that India's Gross Domestic Product (GDP) growth is likely to reach 7.5 per cent or more in the second quarter of the current fiscal (Q2FY26). In afternoon session, index extended its gains till the end of the session. Market participants remained optimistic as Union Minister of Commerce and Industry, Piyush Goyal emphasised that the India-US partnership remains strong, stable and continuously expanding across strategic and economic sectors. Finally, index ended above 26,050 mark.

Traders were seen piling up positions in IT, PSU Bank and Consumer Durables stocks, while selling was witnessed in Oil & Gas, Realty and Media. The top gainers from the F&O segment were Coforge, Max Healthcare Institute and HCL Technologies. On the other hand, the top losers were Sammaan Capital, Housing & Urban Development Corporation and Biocon. 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 1.01% and reached 11.97. The 50 share Nifty up by 142.60 point or 0.55% to settle at 26,052.65.

Nifty November 2025 futures closed at 26078.00 (LTP) on Wednesday, at a premium of 25.35 points over spot closing of 26052.65, while Nifty December 2025 futures ended at 26260.00 (LTP), at a premium of 207.35 points over spot closing. Nifty November futures saw a contraction of 7,909 units, taking the total open interest (Contracts) to 2,26,891 units. The near month derivatives contract will expire on November 25, 2025. (Provisional)

From the most active contracts, Infosys November 2025 futures traded at a premium of 1.50 points at 1543.50 (LTP) compared with spot closing of 1542.00. The numbers of contracts traded were 38,164. (Provisional)

Hindalco Industries November 2025 futures traded at a premium of 0.95 points at 792.95 (LTP) compared with spot closing of 792.00. The numbers of contracts traded were 31,005. (Provisional)

HDFC Bank November 2025 futures traded at a premium of 0.70 points at 995.50 (LTP) compared with spot closing of 994.80. The numbers of contracts traded were 29,027. (Provisional)

Tata Consultancy Services November 2025 futures traded at a discount of 1.00 points at 3146.00 (LTP) compared with spot closing of 3147.00. The numbers of contracts traded were 24,429. (Provisional)

Sammaan Capital November 2025 futures traded at a premium of 0.60 points at 159.00 (LTP) compared with spot closing of 158.40. The numbers of contracts traded were 21,293. (Provisional)

Among, Nifty calls, 26000 SP from the November month expiry was the most active call with a contraction of 18,497 units open interests. Among Nifty puts, 25900 SP from the November month expiry was the most active put with an addition of 90,046 units open interests. The maximum OI outstanding for Calls was at 26000 SP (1,58,872 units) and that for Puts was at 26000 SP (1,69,651 units). The respective Support and Resistance levels of Nifty are: Resistance 26132.80 -- Pivot Point 25994.50 -- Support 25914.35.

The Nifty Put Call Ratio (PCR) finally stood at (1.29) for November month contract. The top five scrips with highest PCR on Canara Bank (1.24), Petronet LNG (1.24), Persistent Systems (1.24), Voltas (1.17) and AU Small Finance Bank (1.09).

Among most active underlying Infosys witnessed an addition of 1,926 units of Open Interest in the November month future, Hindalco Industries witnessed a contraction of 263 units of Open Interest in the November month future, HDFC Bank witnessed an addition of 3,287 units of Open Interest in the November month futures, Reliance Industries witnessed an addition of 3,400 units of Open Interest in the November month futures and Sammaan Capital witnessed an addition of 856 units of Open Interest in the November month futures. (Provisional).