Nifty ends higher on Monday

Indian equity benchmark -- Nifty ended higher on Monday after oscillating between gains and losses, tracking positive cues from global markets. After making a cautious start, index traded around the neutral line for most of the session amid profit-booking in select heavyweight stocks. Traders remained cautious as the RBI said India's forex reserves dropped by $2.691 billion to $717.056 billion during the week ended October 30. In the previous week, the forex kitty had reduced by $1.269 billion to $719.748 billion.However, the market gained some traction in the dying hours of trade and managed to close in positive territory with modest gains, as some support came with Crisil Ratings’ report stating that states' capital expenditure is expected to increase 10-12 per cent to about Rs 8.5 lakh crore in FY27, driven by higher central assistance and improved fiscal flexibility. The street took a note of report that India and Hungary are exploring avenues to expand trade, investment and industrial partnerships across several high-potential sectors. In this regard, Minister of State for Commerce and Industry, and Electronics and Information Technology, Jitin Prasada, visited Hungary from November 4-6, 2026. Most of the sectorial indices ended in green led by PSU Bank, Pharma and Bank. The top gainers from the F&O segment were Data Patterns (India), Indian Renewable Energy Development Agency and Union Bank of India. On the other hand, the top losers were Jubilant Foodworks, Syrma SGS Technology and Tata Steel. In the index option segment, maximum OI continues to be seen in the 25900-26100 calls and 24450 - 24550 puts indicating this is the trading range expectation.India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility declined by 5.79% and reached 17.36. The 50 share Nifty increased by 58.25 point or 0.23% to settle at 25,044.65.Nifty November 2026 futures closed at 25028.00 (LTP) on Monday, at a discount of 16.65 points over spot closing of 25044.65, while Nifty December 2026 futures ended at 25187.00 (LTP), at a premium of 142.35 points over spot closing. Nifty November futures saw an addition of 8,826 units, taking the total outstanding open interest (Contracts) to 1,92,694 units. The near month derivatives contract will expire on November 23, 2026. (Provisional) From the most active contracts, HDFC Bank November 2026 futures traded at a discount of 0.65 points at 797.50 (LTP) compared with spot closing of 798.15. The numbers of contracts traded were 64,445. (Provisional) SBI November 2026 futures traded at a discount of 0.70 points at 1041.30 (LTP) compared with spot closing of 1042.00. The numbers of contracts traded were 29,520. (Provisional) Reliance Industries November 2026 futures traded at a premium of 0.60 points at 1325.00 (LTP) compared with spot closing of 1324.40. The numbers of contracts traded were 28,886. (Provisional) Divi's Laboratories November 2026 futures traded at a discount of 0.50 points at 11565.00 (LTP) compared with spot closing of 11565.50. The numbers of contracts traded were 24,459. (Provisional) ICICI Bank November 2026 futures traded at a discount of 1.40 points at 1587.60 (LTP) compared with spot closing of 1589.00. The numbers of contracts traded were 23,995. (Provisional)Among, Nifty calls, 25500 SP from the November month expiry was the most active call with an addition of 3,366 units open interests. Among Nifty puts, 25000 SP from the November month expiry was the most active put with an addition of 22,725 units open interests. The maximum OI outstanding for Calls was at 26000 SP (88,792 units) and that for Puts was at 24500 SP (80,441 units). The respective Support and Resistance levels of Nifty are: Resistance 25,139.55 -- Pivot Point 24,989.15 -- Support 24,894.25The Nifty Put Call Ratio (PCR) finally stood at (1.20) for November month contract. The top five scrips with highest PCR on Nippon Life India Asset Management (1.49), Anand Rathi Share and Stock Brokers (1.45), Coromandel International (1.33), Marico (1.19), and United Spirits (1.15).Among most active underlying, Divi's Laboratories witnessed an contraction of 2,379 units of Open Interest in the November month future, HDFC Bank witnessed an addition of 25,864 units of Open Interest in the November month future, Reliance Industries witnessed an addition of 2,77,302 units of Open Interest in the November month futures, ICICI Bank witnessed an addition of 14,647 units of Open Interest in the November month futures, and State Bank of India witnessed an addition of 4250 units of Open Interest in the November month futures. (Provisional).