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Informist, Monday, Dec. 1, 2025

By Anjana Therese Antony

MUMBAI – Traders added long bets to the derivatives contracts of many automobile companies after they reported strong on-year growth in their sales volume for November. Premiums on out-of-the-money call contracts of companies such as Tata Motors Passenger Vehicles, Hero MotoCorp, TVS Motor Co., and Eicher Motors, among others rose manifold while those on put options declined, indicating the near-term optimism towards these stocks. 

Amid the bullish sentiment, the Nifty Auto index hit a fresh record high of 28075.65 points Monday and closed almost 1% higher at 27993 points. Out of the 15 constituents of the auto index, 12 closed higher following the monthly auto sales data. The index closed higher for the fourth month in a row in November, gaining 18% during this period. 

Shares of Tata Motors and TVS Motor PV were among the top gainers in the index and closed 2-4% higher. Tata Motors PV's sales for the month rose 29% on year to over 35,000 units and the stock closed almost 2% higher at INR 363.80 on the National Stock Exchange. Premiums on call options INR 380-INR 470 expiring at the end of the month rose 17-50% and those on put contracts INR 360-INR 300 declined 28-33%. The highest addition of open interest was at INR 380 call and INR 370 put.

Shares of TVS Motor ended almost 4% higher at INR 3,661.80. Premiums on INR 3,700-INR 4,000 call options rose 130-180% and those on INR 3,600-INR 3,150 put strikes declined 30-50%. The highest addition on open interest was at INR 3,700 call and INR 3,600 put options. The company's sales volume rose 30% on year to more than 519,000 units for November. 

The rise in auto stocks also supported the overall equity market from a steeper fall. Nifty 50 and Sensex closed 0.1% lower each at 26175.75 points and 85641.90 points, respectively. The near-term support for the 50-stock index is seen at 26000 points and resistance at 26200-26500 points. 

--Nifty 50 December closed at 26330.10, down 57.30 points; 154.35-point premium to the spot index
--Nifty 50 January closed at 26497.00, down 53.10 points; 321.25-point premium to the spot index
--Nifty 50 February closed at 26642.00, down 53.10 points; 466.25-point premium to the spot index

Reliance Industries, ICICI Bank, HDFC Bank, Eicher Motors, Kotak Mahindra Bank, State Bank of India, Maruti Suzuki India, One 97 Communications, Bank of Baroda, Mahindra & Mahindra, Bharti Airtel, ITC, and Hindustan Unilever were the most actively traded underlying stocks Monday.  End

Edited by Deepshikha Bhardwaj

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