Indian equity benchmark -- Nifty -- ended lower on Friday with cut of around half a percent amid weakness in global peers. Index made a negative start and extended its losses in morning deals tracking losses on Wall Street overnight after the long-delayed US jobs report for September showed an unexpected uptick in unemployment rate. Sentiments were also subdued as the government data showed that the growth of India's eight key infrastructure sectors remained flat in October. In afternoon session, index made some recovery but failed to sustain it. Traders remained cautious as HSBC Flash India Composite Output Index - a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors - fell to 59.9 in November 2025 from 60.4 in October 2025. In dying hours of the trade, index fell sharply and settled near day’s low as market participants avoided to take risk ahead of monthly F&O expiry as well as India’s Q2 GDP numbers to be out in the coming week.

Most of the sectorial indices ended in red except FMCG stocks. The top gainers from the F&O segment were IndusInd Bank, Maruti Suzuki India and Sammaan Capital. On the other hand, the top losers were Tube Investments of India, JSW Energy and Oberoi Realty. 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 12.31% and reached 13.63. The 50 share Nifty down by 124.00 point or 0.47% to settle at 26,068.15.

Nifty November 2025 futures closed at 26074.00 (LTP) on Friday, at a premium of 11.80 points over spot closing of 26062.20, while Nifty December 2025 futures ended at 26260.50 (LTP), at a premium of 198.30 points over spot closing. Nifty November futures saw an addition of 9,091 units, taking the total outstanding open interest (Contracts) to 2,03,929 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 0.80 points at 998.80 (LTP) compared with spot closing of 998.00. The numbers of contracts traded were 1,10,655. (Provisional) 

ICICI Bank November 2025 futures traded at a discount of 0.60 points at 1368.40 (LTP) compared with spot closing of 1369.00. The numbers of contracts traded were 61,613. (Provisional) 

Reliance Industries November 2025 futures traded at a premium of 0.80 points at 1544.50 (LTP) compared with spot closing of 1543.70. The numbers of contracts traded were 61,514. (Provisional) 

Infosys November 2025 futures traded at a premium of 1.30 points at 1545.40 (LTP) compared with spot closing of 1544.10. The numbers of contracts traded were 52,608. (Provisional) 

Tata Consultancy Services November 2025 futures traded at a discount of 3.00 points at 3147.00 (LTP) compared with spot closing of 3150.00. The numbers of contracts traded were 47,477. (Provisional)

Among, Nifty calls, 26100 SP from the November month expiry was the most active call with an addition of 74,843 units open interests. Among Nifty puts, 26100 SP from the November month expiry was the most active put with a contraction of 14,520 units open interests. The maximum OI outstanding for Calls was at 27000 SP (1,89,675 units) and that for Puts was at 25000 SP (1,68,330 units). The respective Support and Resistance levels of Nifty are: Resistance 26147.50 -- Pivot Point 26099.85 -- Support 26020.50.

The Nifty Put Call Ratio (PCR) finally stood at (1.00) for November month contract. The top five scrips with highest PCR on Canara Bank (1.22), Petronet LNG (1.12), Angel One (1.09), Shriram Finance (1.05) and Voltas (1.04).

Among most active underlying HDFC Bank witnessed an addition of 27,714 units of Open Interest in the November month future, ICICI Bank witnessed an addition of 16,116 units of Open Interest in the November month future, Reliance Industries witnessed an addition of 17,818 units of Open Interest in the November month futures, Infosys witnessed a contraction of 10,763 units of Open Interest in the November month futures and Axis Bank witnessed an addition of 9,104 units of Open Interest in the November month futures. (Provisional).