Chinese zinc producers are ramping up exports after a global supply squeeze opened a rare window for overseas sales. Output in China, which accounts for over half the world’s total, is tracking for an annual record at a time when global inventories of the metal are in sharp decline. Export volumes may rise to as much as 50,000 tons for November and December combined, compared with about 10,000 tons in October, according to estimates from Jinrui Futures Co.
Chinese smelters ramp up Zinc exports on global supply squeeze- Daily Market Update 19th Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.83% to 1.17.
- European equity markets also ended lower in range 1.29% to 1.90%.
- Asian equity markets are trading with a positive bias.
- GIFT Nifty is up by 50 points, Nifty futures likely to open around 25950 levels.
Benchmark Nifty index ended slightly lower at 25910 spot levels after a cut of 100 points from its previous closing values.
Small cap index underperformed the benchmark as it was down over 1%, on the other hand, Mid cap index fell in line with the benchmark.
All sectoral indices, tracked at NSE, ended in red. Amongst them, Realty was the top loser, down nearly 2% followed by IT and Metal index that were down just over 1% each.
Nifty index took a halt around its price resistance of 26100 spot levels and showing signs of a short term sideways move in 25700-26100 spot zone. Overall chart structure is positive till Nifty is holding above 25300 spot levels on closing basis.
Derivatives Overview & Outlook
Yesterday, Nifty, Finnifty and Midcapnifty futures shed around 1%, 1% and 3.5% of open interest respectively as long unwinding, whereas Banknifty futures added 1% of open interest as short buildup.
Majority of the sectoral indices settled lower on short buildup. Amongst them, Capital Goods, Infrastructure and Technology stocks witnessed maximum additions of short positions.
On the option front, Nifty will start the new weekly contracts of the November series with a maximum position at 26000 CE and 26000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 729 Cr in the cash segment, bought index futures worth Rs 117 Cr and sold stocks futures worth Rs 2440 Cr. DIIs were net buyers in the cash segment to the tune of Rs 6157 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26020-26200; Supports 25850-25720
Banknifty – Resistances 59100-59500; Supports 58800-58500
Finnifty – Resistances 27700-27800; Supports 27420-27250
F&O Security in Ban Today: SAIL.
Disclosure
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