President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding.
The bill would allow Trump to impose tariffs of up to 500% on imports from countries that buy Russian energy products and are not actively supporting Ukraine. This specifically targets major consumers of Russian energy, such as China and India.
Trump says he’d back bill to sanction Russia’s trading partners- Daily Market Update 17th Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets, barring Dow Jones, settled on a flat note.
- European equity markets ended lower in range 0.69% to 1.13%.
- Asian equity markets are trading mix.
- GIFT Nifty is up by 50 points, Nifty futures likely to open around 26000 levels.
Tracking weak global cues, benchmark Nifty index opened with a gap on the down side, last hour recovery on back of NDA’s landslide victory on Bihar assembly election helped it to settle on a flat to positive note at 25910 spot levels.
Broader markets traded in line with the benchmark as both Mid and Small cap indices ended on a flat to positive note.
Performance on the sectoral front was mix. Amongst them, PSU Bank index was the top gainer, rose 1.17% followed by Pharma and FMCG index that rose just over half a percent. On the flip side, Auto, Metal and IT were the worst performer, down in range 0.5% to just over 1%.
Technically, Nifty index is well placed on multiple time frames and any dip should be taken as fresh buying opportunity till it is holding above 25400-25300 spot zone on closing basis. Going ahead, cross and sustenance above 26100 spot levels will further strengthen up the bullish sentiments that might take it up to 26300-26500 spot levels in immediate near term.
Derivatives Overview & Outlook
Last Friday, Midcapnifty and Finnifty futures rose on long buildup as both added around 1.7% and 6.5% of open interest respectively, whereas no significant changes were seen in Banknifty on price as well as open interest front. On the other hand Nifty remained unchanged on the price front but added 5% of open interest.
Majority of the sectoral indices settled on a positive note. Amongst them, Finance, Power and Textile stocks witnessed maximum addition on long positions whereas some short buildup was observed in Auto and Technology stocks.
On options front, put writing along with call writing was seen at multiple strikes and maximum positions are at 25000 PE followed by 25500 PE & 27000 CE followed by 26000 CE.
Institutional Trading Activity
Last week, FIIs sold stocks worth Rs 6231 Cr in the cash segment, sold index futures worth Rs 3427 Cr and bought stocks futures worth Rs 4662 Cr. DIIs were net buyers in the cash segment to the tune of Rs 24673 Cr during this week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26100-26200; Supports 25850-25750
Banknifty – Resistances 58800-59200; Supports 58350-57950
Finnifty – Resistances 27600-27700; Supports 27350-27200
F&O Security in Ban Today: SAIL.
Disclosure
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