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Informist, Wednesday, Nov. 19, 2025

 

By Anshul Choudhary

 

MUMBAI – Traders seem to be getting more confident about the Nifty 50 hitting a fresh lifetime high as they added long positions and covered short positions Wednesday. The Nifty 50 recovered from Tuesday's slump to end above 26000 points yet again, which is likely to have motivated investors to add bullish bets.

 

There is a strong belief among most analysts that earnings growth will improve in the next two quarters driven by lower goods and services tax rates. Such optimism has resulted in analysts hardly cutting their earnings estimates recently with some expecting upgrades in estimates soon.

 

Wednesday, the Nifty 50 closed at INR 26052.65 points, up 0.6%. These gains have come at a time of extreme caution in global markets over high valuations of artificial intelligence-related stocks. A fall in AI stocks globally may drive flows into markets such as India, analysts said.

 

Options traders have added long positions above 26000 points on the call side. More than 1 million contracts were added at 26000-26400 call options and more than 3 million contracts were added at 26500 calls. The Nifty 50 had touched a lifetime high of 26277.35 points on Sept. 27 last year.

 

However, some bets suggest the Nifty 50 may face selling pressure at current levels considering valuations are still high and quarterly earnings numbers are yet to show any serious growth. The call contract at 26000-point strike price saw some short-covering, but it still has the highest open interest of nearly 12 million. This was followed by the 26500-point call, which has open interest of over 10 million.

 

On the put side, traders sold contracts across the board as the Nifty 50 rose. Significant addition of open interest was seen at 25800-26000 strike prices, indicating the Nifty 50 may find support at these levels in case of profit-taking.

 

--Nifty 50 November closed at 26078, up 129.20 points; 25.35-point premium to the spot index

--Nifty 50 December closed at 26260, up 125.70 points; 207.35-point premium to the spot index

--Nifty 50 January closed at 26420, up 103.60 points; 367.35-point premium to the spot index

 

Infosys, Hindalco Industries, HDFC Bank, Reliance Industries, Sammaan Capital, Axis Bank, State Bank of India, Tata Consultancy Services, ICICI Bank, Grasim Industries, Kotak Mahindra Bank, Vodafone Idea, BSE, Bharti Airtel, and Hindustan Unilever were the most actively traded underlying stocks Wednesday.  End

 

Edited by Rajeev Pai

 

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