The first tranche of the India-United States bilateral trade deal is near closure, government sources told NDTV Profit on Monday. “The trade deal has two parts, one part will take its own time, other part is the first tranche which can address all kinds of tariffs. We remain engaged, the discussions are on and part of agreement that covers reciprocal tariffs should happen sooner rather than later.
First tranche of India-US trade deal near closure, Covers reciprocal tariffs.- Daily Market Update 18th Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.85% to 1.18.
- European equity markets also ended lower in range 0.24% to 1.21%.
- Asian equity markets are trading with a negative bias.
- GIFT Nifty is down by 50 points, Nifty futures likely to open around 25980 levels.
Benchmark Nifty index ended higher above 26000 spot levels after adding 100 odd points to its previous closing values.
Broader markets traded in line with the benchmark as Mid and Small cap indices were up just over 0.5% each.
All sectoral indices, tracked at NSE, ended in green. Amongst them, PSU bank was the top gainer, rose over 1% closely followed by Auto, Consumer Durables and Pvt Bank index that gained 0.85%, 0.83% and 0.79% respectively.
Technically, Nifty index has almost reached the price resistance of 26050-26100 spot levels. Current chart structure and options data, both are well placed. Cross and sustenance above 26100 spot level will be a positive development that might take it up to 26300-26500 spot levels in near term.
Derivatives Overview & Outlook
Yesterday, long buildup was seen in Banknifty futures with an increase in open interest by 4.8% along with some Short covering among Finnifty and Midcapnifty as both shed around 3% and 1% of open interest respectively. On the other hand, no significant changes was seen in Nifty on open interest front.
All F&O sectors, barring Cement and Metal settled higher. Amongst them, Capital Goods, Finance, Infrastructure and Pharma shares witnessed maximum addition of long positions whereas some short covering was seen among Oil & Gas and Realty stocks.
On the option front, put addition along with call unwinding was seen at multiple strikes. Maximum positions are at 26000 CE followed by 26500 CE and 25900 PE closely followed by 25800 PE. Options data turned slightly positive ahead of scheduled weekly expiry but needs to observe fresh developments during the day.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 442 Cr in the cash segment, bought index futures worth Rs 73 Cr and sold stocks futures worth Rs 925 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 1466 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26200-26300; Supports 25950-25880
Banknifty – Resistances 59200-59500; Supports 58500-58200
Finnifty – Resistances 27800-27900; Supports 27520-27400
F&O Security in Ban Today: SAIL.
Disclosure
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