🇮🇳 Indian Pre-Market Report –Nov 11, 2025

Indian Markets Pre-Market Report – Tuesday, 11 November 2025

🌏 Global Cues & GIFT Nifty Setup

Overnight, global sentiment has turned decisively risk-on:

In the US, all three major indices rallied as hopes rose that the record US government shutdown may finally end this week.

The Dow jumped ~380 points, and both the S&P 500 and Nasdaq logged their best day since May, led by tech and growth stocks.

In Europe, the STOXX 600 index climbed about 1.4–1.5%, its best single session in nearly three weeks, as traders cheered the same shutdown headlines and better risk appetite.

Asian markets this morning are mostly higher, tracking Wall Street and Europe. Early commentary from global desks points to broad-based gains across Japan, Hong Kong and Australia as shutdown worries ease.

On the India–US trade front, noise is getting louder:

US President Trump has said the US is “pretty close” to a new trade deal with India, talking about a “very different” and “fair” agreement compared with the past. Commerce Minister Piyush Goyal has also repeated that talks are going “very well”, though several sensitive issues around tariffs (currently around 50% on some Indian exports) still need work.

For now this is still medium-term positive rather than a one-day trigger, but it supports the structural India story.

GIFT Nifty is signalling a calm to mildly positive open:

NDTV’s live blog shows GIFT Nifty around 25,696.5, down just 9.5 points (-0.04%) at about 6:39 am. Economic Times’ pre-open update, a bit later, shows GIFT Nifty up 37 points at 25,702.5, hinting at a slightly green start for Nifty 50. Mint’s trade setup note talks about GIFT Nifty near 25,722, roughly 25–30 points above Nifty futures close.

Net-net: flat to mildly positive opening is the base case.

📉 How We Closed Yesterday (10 Nov 2025)

Monday was a much-needed relief session for bulls:

Nifty 50: 25,574.35 🔺 +82.05 pts (+0.32%) Sensex: 83,535.35 🔺 +319.07 pts (+0.38%) BankIndian Markets Pre-Market Report – Tuesday, 11 November 2025 Nifty: 57,937.55 🔺 +0.10%

Broader market:

Midcap index: ~+0.47% Smallcap index: ~+0.35%

Key sector moves:

IT was the star, up about 1.6%, helped by the tech rebound abroad.

Pharma, auto, energy, metals, consumer durables, healthcare and oil & gas all closed in the green.

Media, PSU banks, realty, chemicals and FMCG saw mild cuts, making it a selective but healthy advance.

Market commentary across brokers describes it as a short-covering plus fresh-buying day, not just a dead-cat bounce.

📊 Key Index Levels – Nifty, Bank Nifty, Sensex

Using Monday’s range and recent swing zones as reference:

🔵 Nifty 50 – 25,574.35

Monday range: High: 25,652.95 Low: 25,503.50 Immediate support: 25,500–25,520 (yesterday’s low band) Below that, 25,350 remains the key short-term swing support.

Immediate resistance: 25,650–25,700 (yesterday’s high + known supply area) Next resistance zone: 25,800–25,850.

If Nifty can hold 25,500 and push through 25,700, the door opens for a test of 25,800–26,000 in this leg. Losing 25,350 again would point back to a deeper consolidation.

🏦 Bank Nifty – 57,937.55

Range: High: 58,091.40 Open/Low: 57,846.20 Support: 57,800–57,700 (immediate) Then 57,400–57,300.

Resistance: First: 58,100–58,200 Next: 58,400–58,500.

Banks joined the party but not aggressively. For a real breakout on the index, Bank Nifty needs to decisively clear 58,200+.

🟢 Sensex – 83,535.35

Range: Open/Low: 83,198.20 High: 83,754.49 Support: 83,200–83,000

Resistance: 83,800–84,000

Sensex is still broadly range-bound but edging towards the upper half of that band.

📈 Derivatives – OI, PCR & Volatility (India VIX)

India VIX is very much under control:

Historical data shows VIX closing around 12.56 on 7 Nov and staying in that low-12 zone since. Upstox’s live page has India VIX at about 12.30 as of 7:27 am today.

Low VIX = calm surface, but also means any shock can cause sharp spikes.

On the options side:

Recent PCR readings have been close to 0.9–1.0 for Nifty, reflecting a fair amount of put writing near supports, with call writing clustered above 25,700–26,000.

Put together, the derivatives picture still supports a range-bound to mildly bullish bias, unless external news flips the narrative.

⚖️ SEBI’s New F&O Rules – Ongoing Impact

Traders are still adjusting to SEBI’s stricter F&O framework:

From 1 October 2025, single-stock derivative exposure per entity is capped at: 10% of MWPL for individual traders 20% for proprietary brokers 30% combined for FPIs + brokers. SEBI has also tightened eligibility norms for index derivatives, especially for non-benchmark indices (minimum number of stocks, weight caps, liquidity criteria). On weekly options, prior changes already limited weekly expiries to a single benchmark index, and the SEBI chairman has explicitly clarified there will be no blanket ban on weekly F&O, only calibrated tweaks.

Net effect: less reckless leverage, more emphasis on risk management. Good for market stability, but intraday punting needs more discipline.

💰 FII & DII Flow – 10 November 2025

Cash-market flows on Monday were mixed:

FIIs Gross buy: ₹9,803.52 crore Gross sell: ₹13,918.37 crore Net: -₹4,114.85 crore (selling)

DIIs Gross buy: ₹18,933.97 crore Gross sell: ₹13,128.71 crore Net: +₹5,805.26 crore (buying)

So FIIs booked profits into the bounce, but domestic institutions stepped up strongly and more than offset that selling.

📦 IPO & Primary Market – What’s On Today

This week remains busy on the IPO front:

Groww IPO (BillionBrains Garage Ventures) Subscription: about 17.6× overall (QIBs ~22×, NIIs ~14×, retail ~9.4×). Allotment was finalised yesterday (10 Nov); investors can now check status on BSE and registrar portals. Listing is scheduled for Wednesday, 12 November 2025, with the latest GMP around ₹5, indicating modest expected listing gains.

Emmvee Photovoltaic Power IPO – opens today (11 Nov) Solar cell and module manufacturer. Price band: ₹206–217 per share; issue size about ₹2,900 crore. Opens 11 Nov, closes 13 Nov; GMP is roughly 9% according to early street chatter.

PhysicsWallah & Tenneco Clean Air PhysicsWallah price band: around ₹103–109 with GMP in low single digits.

Tenneco Clean Air India: band ₹378–397, with GMP ~18%; IPO window 12–14 Nov.

IPO mood is still active but more selective after Lenskart’s muted listing yesterday.

🪙 Commodities & Currency – Morning Dashboard

Gold & Silver (MCX / India)

Mint’s commodity board shows:

Gold (MCX Dec) around ₹1,23,900–1,24,000 per 10g, up over 2% recently.

Silver (MCX) near ₹1,53,600–1,53,700 per kg, also up ~4%.

High but stable bullion prices reflect ongoing global risk hedging plus currency effects.

Crude Oil

Reuters notes Brent crude at about $63.93/bbl, WTI around $60/bbl, slightly lower in early Asian trade on fresh oversupply worries. Overall, oil remains in the low-60s zone, which is reasonably comfortable for India’s inflation and current account.

USD–INR

Deccan Herald reports the rupee at 88.69 per US dollar in early trade, down 4 paise versus the previous close, as global uncertainty keeps sentiment fragile.

So macros are okay: oil manageable, rupee weak but steady, gold elevated.

🎯 Trading View for Today (11 Nov 2025)

Base case for open:

GIFT Nifty and global cues together point to a slightly positive to flat start, not a big gap.

Nifty intraday zones to track:

Support: 25,500–25,520, then 25,350 Resistance: 25,650–25,700, then 25,800–25,850

Possible setups traders may look at:

Buy-on-dips near 25,500–25,520 with strict stops if global risk remains supportive. Fade-the-rally trades near 25,700+ if price stalls and FII selling continues.

Sector-wise focus:

IT & pharma can remain in favour if US tech stays strong. Banks/financials are the swing factor – a breakout above 58,200 on Bank Nifty would add fuel to the up-move; repeated rejection may cap the index. IPO-linked names and solar/renewable stocks could see sentiment flows around Emmvee Photovoltaic and Groww.

🧭 Investment View – Short Term vs Long Term

Short term (days to weeks)

Expect a range-bound but tradeable market, driven by global newsflow and stock-specific Q2 results. With India VIX near 12–12.5, options writing strategies (spreads, iron condors) may remain popular, but traders must respect the risk of sudden VIX spikes.

Long term (years, not weeks)

The combination of India–US trade progress, strong domestic growth expectations, and ongoing DII buying supports using corrections to accumulate quality large caps in banking, IT, manufacturing, telecom and consumption. High valuations demand selectivity, but the structural story remains intact.