The record-breaking US government shutdown is nearing an end after a group of moderate Senate Democrats agreed to support a deal to reopen the government and fund some departments and agencies for the next year, people familiar with the talks said.
US Government shutdown nears end as Democrats agree to funding deal-Daily Market Update 10th Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to negative note.
- European equity markets ended lower in range 0.18% to 0.70%.
- Majority of Asian equity markets are trading higher.
- GIFT Nifty is trading up by 68 points, Nifty futures likely to open around 25650 levels.
Benchmark Nifty index ended on a flat note at 25492 spot levels after a volatile trading session.
Broader markets ended on a mix note as Mid cap index gained 0.63% whereas Small cap index settled on a flat to negative note.
Performance on the sectoral front was no different. Metal and Financial Service (Ex-banks) were the top performers, gained 1.41% & 2.18% respectively. On the other hand, FMCG, IT and Consumer Durables were the worst performers, down over 0.5% each.
Nifty index recovered sharply after retesting the previous breakout support zone that coincides with 50% Fibonacci retracement levels of previous up move from 24857 to 26104 spot levels as well as its 2 month EMA on daily chart. Going forward, cross and sustenance above 25700 spot levels will further strengthen up the bullish sentiments that will take it up to 26100 and higher levels in near term.
Derivatives Overview & Outlook
Yesterday, Midcapnifty futures added around 3% of open interest as long buildup along with some short covering in Banknifty and Finnifty futures with decrease in open interest by 1.7% and 6.5% respectively whereas no notable changes were seen in Nifty futures on price front.
Performance on the sectoral front was mix. Amongst them, Capital Goods, Power, Textile and Technology stocks witnessed maximum addition of short positions. On the other hand, Finance, Metal and Realty stocks witnessed some fresh addition of long positions.
On options front, put writing along with some call unwinding was seen at multiple OTM strikes. Nifty has maximum positions at 26000 CE followed by 25700 CE and 25300 PE.
Institutional Trading Activity
On Friday, FIIs bought stocks worth Rs 4581 Cr in the cash segment, sold index futures worth Rs 2721 Cr also sold stocks futures worth Rs 1504 Cr. DIIs were net buyers in the cash segment to the tune of Rs 6675 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25700-25800; Supports 25500-25400
Banknifty – Resistances 58400-58600; Supports 57800-57550
Finnifty – Resistances 27500-27600; Supports 27300-27200
F&O Security in Ban Today: NIL.
Important Results Today: EIHAHOTELS, EMAMILTD, GREENPANEL, GUJGASLTD, HUDCO, IDEA, KPITTECH, SJVN.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
This report has been prepared by GCML and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from GCML. The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. This report should not be construed as an offer to sell or the solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of GCML have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. GCML does not take any responsibility thereof.
Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection.
This report has been prepared by GCML based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by GCML that such information is accurate or complete and/or is independently verified. The contents of this report represent the assumptions and projections of GCML and GCML does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances.
Since GCML or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. GCML or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months. GCML or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that GCML or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.
Research analyst or GCML or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor GCML are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months. GCML or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
No material disciplinary action has been taken on GCML by any regulatory authority impacting Equity Research Analysis activities.
The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. GCML reserves the right to make modifications and alternations to this statement, as may be required, from time to time.
Research analyst or GCML or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.