Voting ended in the Bihar Assembly election 2025 yesterady. The NDA, co-led by the BJP and JD(U), is poised to win more than 145 seats, according to an aggregate of nine exit polls. The opposition Mahagathbandhan is seen as a distant second.
Bihar exit polls 2025 Highlights: BJP-JDU-Chirag alliance seen at 140+ Seats; Prashant Kishore factor blows-Daily Market Update 12th Nov 2025
Overview and Outlook
Global Stock Market Today
- US equity markets, barring DOW Jones, settled on a flat note.
- European equity markets ended higher in range 0.50% to 2.53%.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is trading up by 130 points, Nifty futures likely to open around 25950 levels.
Yesterday, the Indian benchmark index, Nifty, began the session with a gap on the higher side and kept the bullish momentum till the end of the day, settled higher at 25694.95 after adding 120.60 points to the previous closing session.
On the broader front, the Midcap Nifty performed in line with the benchmark as it was up by 0.50% while Smallcap indices underperformed and settled lower by 0.20%.
Performance on the sectoral front was mix. Nifty IT and Auto led the rally, up by over 1% each followed by Nifty Metal and Oil & Gas that were up by 0.71% and 0.59% respectively. Nifty Financial services index lost maximum, down by 1.45% while all other sectors ended flat.
On technical prospective, Nifty index ended on a very strong note. Going ahead, cross and sustenance above 25700 spot levels will further instigate the bullish momentum that will take it up to 26100 and higher levels in the near term. In case of a decline, 25500 spot level will act as a strong support.
Derivatives Overview & Outlook
Yesterday, Midcapnifty futures saw long build-up as it added around 4.5% of open interest, Finnifty futures were down due to long unwinding as it shed around 3% of open interest. On the other hand, no meaningful activity was seen in Nifty and Banknifty futures on open interest front.
As far as individual sector performance is concerned, Cement, Oil & Gas and Power stocks witnessed maximum addition of long positions along with some short covering among Chemical and Telecom stocks.
On the options front, Nifty will start the new weekly contracts of the November series with a maximum position at 27000 CE and 25000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 803 Cr in the cash segment, sold index futures worth Rs 612 Cr and bought stocks futures worth Rs 21 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2188 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25920-26020; Supports 25700-25600
Banknifty – Resistances 58600-59000; Supports 58200-57800
Finnifty – Resistances 27500-27600; Supports 27300-27200
F&O Security in Ban Today: SAIL.
Important Results Today: ASHOKLEY, ASIANPAINT, BECTORFOOD, CAMPUS, COCHINSHIP, GNFC, HAL, IRCON, IRCTC.
Disclosure
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