India, US in ‘Active Dialogue’ for trade deal, says Commerce & Industry Minister Piyush Goyal- Daily Market Update 11th Sept 2025

Tracking positive cues from the global peers, benchmark Nifty index opened with a gap on the higher side, and traded sideways throughout the session to settle at 24973 spot levels after adding 100 odd points to its previous closing values.

Broader markets outperformed the benchmark as Mid and Small cap indices gained 0.93% & 0.73% respectively from its previous closing values.

Majority of sectoral indices, tracked at NSE, ended in green. Amongst them, IT and PSU bank index were at the top of the tally, gained 2.63% & 2.09% respectively. On the flip side, Auto index dragged the markets lower, down 1.28%.

Despite a strong open, Nifty index formed a red Doji candlestick on daily charts showing indecisiveness among traders. Going ahead, we continue to uphold our sideways view on Nifty index till it is trading in 24450-25100 range. An either side decisive break from this range hold the key for next short term directional move.

Derivatives Overview & Outlook

Yesterday, long buildup was seen in Nifty futures with an increase in open interest by 1.77% along with short covering among Banknifty, Finnifty and Midcapnifty futures that shed 3.81%, 1.25% and 0.89% of open interest respectively.

On option front, call addition along with put writing was seen at multiple strikes. Maximum positions are at 24000 PE followed by 25000 PE and maximum call positions are at 25000 CE followed by 26000 CE.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 33 Cr in the cash segment, bought index futures worth Rs 698 Cr also bought stocks futures worth Rs 254 Cr. DIIs were also net buyers in the cash segment to the tune of Rs 4963 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25120-25220; Supports 25020-24900

Banknifty – Resistances 55000-55400; Supports 54600-54400

Finnifty – Resistances 26300-26420; Supports 26100-26000

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