PM Modi, US President Trump discuss trade and defence over a phone call- Daily Market Update 12th Dec 2025

Benchmark Nifty index ended higher at 25899 spot levels after adding 140 points to its previous closing values amid 25 bps rate cut by US Fed.

Broader markets outshined the benchmark as Mid and Small cap indices rose around 1% each.

All sectoral indices, barring Media and Oil & Gas, settled in green. Amongst them, Auto, Metal, Pharma and Consumer Durables gained around 1% each.

Technically Nifty index witnessed a pullback rally from the price supports of 25700 spot levels following a three day long profit taking. Going ahead, cross and sustenance above 26050 spot levels will push Nifty index in a fresh round of congestion in 25700-26300 spot levels.

Derivatives Overview & Outlook

Yesterday, all index futures moved higher on short covering as Nifty, Banknifty, Finnifty and Midcapnifty futures shed 2.5%, 5%, 2.9% and 1.7% of open interest respectively.

All F&O sectors settled on a positive note. Amongst them, Automobile, FMCG and Textile stocks witnessed maximum addition of long positions along with some short covering among Banking & Finance, Realty and Technology stocks.

On option front, put writing along with some call addition was seen at multiple strikes. Maximum positions are at 25800 PE closely followed by 25700 PE and maximum call positions on call side are at 26000 CE followed by 26500 CE. Options data has improved a bit but still negative with immediate supports around 25750-25680 spot zone and resistance around 26000-26060 spot zone.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 2021 Cr in the cash segment, bought index futures worth Rs 291 Cr also bought stocks futures worth Rs 2756 Cr. DIIs were net buyers  in the cash segment to the tune of Rs 3796 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26100-26200; Supports 25900-25800

Banknifty – Resistances 59800-60000; Supports 59000-58750

Finnifty – Resistances 27780-27900; Supports 27600-27500

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