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Informist, Tuesday, Nov. 18, 2025

By Anjana Therese Antony

MUMBAI – Slight short bets were added to the options chain of Nifty 50 after the index snapped a six-day winning run and closed slightly lower Tuesday. Investors likely booked profits following the recent rally and analysts said the domestic market was expected to hit its record highs in the near term, though gains would be gradual as valuations remain expensive. Premiums on some out-of-the-money Nifty 50 put options expiring next week increased while those across call contracts declined, indicating the possibility of near-term correction in the index. 

On Tuesday, the Nifty 50 closed 0.4% lower at 25910.05 points and the BSE Sensex ended 0.3% lower at 84673.02 points. The near-term support for the Nifty 50 is seen at 25800-25650 points and resistance at 26000-26100 points. However, two derivatives analysts said they don't expect the index to sustain above the 26000 mark for longer. If it does, the index is likely to cross the record high, one of the analysts said. The Nifty 50 is still 1% lower than the record high of 26277.35 points it had hit in September last year. 

Premiums on put options 25800-25300, which are 1-2% lower than the spot level, increased 12-34% and those on call contracts 26000-26500 declined 37-55%. The highest addition of open interest was at 26000-point call and 24500-point put options. The maximum concentration of open interest was at 26000 call as well as put contracts. 

While there is slight pessimism about the near-term movement in the market, the medium-term bias remains bullish and analysts expect the next calendar year to be better for equity investors compared with 2025. "We expect a strong bounce in Indian stocks in the next 12 months," Morgan Stanley said in its strategy report dated Monday. India is ending 2025 with its worst relative performance compared with emerging markets since 1994. Relative valuations have corrected meaningfully and possibly troughed in October, Morgan Stanley said. India's hawkish post-COVID macro setup is now unwinding, it added.

--Nifty 50 November closed at 25933.90, down 126.20 points; 23.85-point premium to the spot index

--Nifty 50 December closed at 26120.10,down 119.90 points; 210.05-point premium to the spot index

--Nifty 50 January closed at 26302.00, down 98.70 points; 391.95-point premium to the spot index

Reliance Industries, HDFC Bank, Bharti Airtel, Infosys, Mphasis, Axis Bank, Kaynes Technology India, GMR Airport, ICICI Bank, BSE, Vedanta, One 97 Communications, Federal Bank, Eternal, Glenmark Pharmaceuticals, Tata Steel, and State Bank of India were the most actively traded underlying stocks Tuesday. End

Edited by Akul Nishant Akhoury

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