India and Eurasian Economic Union will hold first round of talks for a free trade agreement, early November. The announcement followed Minister of Commerce and Industry Piyush Goyal’s recent meeting with Minister in Charge of Trade of the Eurasian Economic Commission Andrey Slepnev in Moscow.
India, Eurasian Economic Commission to start free trade agreement discussion early November- Daily Market Update 17th Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat note.
- European equity markets settled lower in range 0.88% to 1.80%.
- Asian equity markets are trading mix.
- GIFT Nifty is up by 60 points, Nifty futures likely to open around 25400 levels.
Benchmark Nifty index ended higher at 25239 spot levels after adding 170 points to its previous closing values.
Broader markets performed in line with the benchmark as Mid and Small cap indices gained 0.54% & 0.95% respectively.
All sectoral indices, barring FMCG, ended in green. Amongst them, Auto and Realty index were at the top of the tally, gained over 1% each.
Technically, Nifty index witnessed price breakout above 25160 spot levels. Going ahead, we reiterate our bullish view on Nifty index intact till it is trading above 24950 spot levels on closing basis and expect it to test 25350-25500 spot levels.
Derivatives Overview & Outlook
Yesterday, all index futures moved higher on short covering as Nifty, Banknifty and Finnifty futures shed around 3.5%, 4% and 5% of open interest respectively along with some long buildup in Midcapnifty that added 1.34% of open interest.
On options front, Nifty will start the new weekly contract with maximum positions at 25200 PE and 26000 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 600 Cr in the cash segment, bought index futures worth Rs 2205 Cr also bought stocks futures worth Rs 797 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 1352 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25450-25550; Supports 25200-25100
Banknifty – Resistances 55600-56000; Supports 55000-54800
Finnifty – Resistances 26700-26800; Supports 26400-26300
F&O Security in Ban Today: ANGELONE, RBLBANK, OFSS & HFCL.
Disclosure
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