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Informist, Friday, Sept. 12, 2025

By Anshul Choudhary

MUMBAI – Traders continued to cover their short positions as the Nifty 50 posted gains for the eighth straight session, rising over 2% during this period. The 50-stock index Friday crossed the 25100 level for the first time since Aug. 21, which triggered short covering in derivatives.

Expectations of lower interest rates in the US, which may help reverse outflows by foreign investors from Indian equities, along with expectations of increase in consumption owing to lower goods and services taxes have pushed the market higher this week. The Nifty 50 Friday closed at 25114 points, up 108.50 points or 0.4%.

Traders covered their short positions in in-the-money call options below 25050 points. Traders even added long positions at 25100-25400 strike prices, indicating positive sentiment. The highest open interest addition was seen at 25150-strike price call options, followed by 25300-25350 strike prices. These levels are likely to act as resistance for the Nifty 50 next week.

The continuous rise in the Nifty 50 pushed traders to sell put options, with highest open interest addition seen at 25100 puts, followed by 25000 puts. Analysts expect 25000 points to act as an immediate support next week, which was seen as resistance earlier this week. Sentiment improved this week as foreign investors covered their short positions in the past few days.

Index futures data also showed traders covered short positions. The September futures contract of Nifty 50 rose over 100 points while open interest declined over 2% to 16.70 million contracts. The contract ended the session at a premium of 96.10 points to the Nifty 50.

--Nifty 50 September closed at 25210.10, up 105.60 points; 96.10-point premium to the spot index

--Nifty 50 October closed at 25327.80, up 105.70 points; 213.80-point premium to the spot index

--Nifty 50 November closed at 25446.40, up 104.80 points; 332.40-point premium to the spot index

Infosys, Bharat Electronics, Hindustan Aeronautics, Axis Bank, Bajaj Finance, ICICI Bank, Reliance Industries, BSE, HDFC Bank, Vodafone Idea, Vedanta, Tata Motors, Maruti Suzuki India, Mahindra & Mahindra, and Hindalco Industries were the most active underlying stocks Friday.  End

Edited by Ashish Shirke

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