Oil climbs after OPEC+ reiterates pause with focus on Venezuela – Daily Market Update 1st Dec 2025

Benchmark Nifty index ended on a flat note at 26203 spot levels after a lackluster trading session.

Broader markets traded in line with the benchmark as Mid and Small cap indices ended on a flat to negative note.

Performance on the sectoral front was muted and mix. Amongst them, Auto, Media, Pharma and Healthcare were up just over 0.5% each. On the other hand, Oil & Gas was the worst performers with 0.69% decline.

Domestic markets will react to better than expected Indian GDP numbers. Chart formation in strong and well positioned on multiple time frames. Going ahead, we expect it to continue its northward journey with 26500-26700 in sight, on the flip side, 26000-26100 will act as buying support zone.

Derivatives Overview & Outlook

On Friday, no meaningful activity was seen in index futures on the price front, whereas on open interest front, Banknifty futures added around 2.8% of open interest while Nifty futures shed around 1% of open interest.

On the sectoral front, Auto and Textile stocks witnessed addition of long positions, on the other hand, Capital Goods, Oil & Gas and Chemical stocks were down on some addition of short buildup.

On option front, call writing along with some put writing was seen at multiple strikes. Maximum positions are at 26000 PE and 26300 CE. Options data is indicating positions sentiments as PCR for current week is at 1.12.

Institutional Trading Activity

On Friday, FIIs sold stocks worth Rs 3796 Cr in the cash segment, sold index futures worth Rs 51 Cr and also sold stock futures worth Rs 349 Cr. DIIs were net buyers in the cash segment to the tune of Rs 4148 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26500-26600; Supports 26260-26200

Banknifty – Resistances 60300-60600; Supports 59850-59500

Finnifty – Resistances 28200-28325; Supports 28000-27900

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