Nifty Sees Wild Swings Ahead of Bihar Results; Massive Rs 45,060 Cr Export Boost Announced!

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Updated on 13 Nov 2025, 02:51 pm

The Nifty 50 index traded with significant volatility on Thursday, ending flat at 25,779, with a marginal gain of 3 points. This choppiness is largely attributed to anticipation surrounding the upcoming Bihar election results. The index surged to an intraday high of 26,010 but faced selling pressure in the afternoon, losing nearly 144 points from its peak before recovering slightly.

In a significant policy move, the Union Cabinet approved an export support package valued at ₹45,060 crore. This initiative includes ₹20,000 crore for collateral-free credit guarantees and ₹25,060 crore over six years for enhancing trade finance, logistics, and market access for Indian exporters. The package aims to bolster competitiveness and mitigate the impact of recent international trade policy changes.

Sector-wise, mixed signals were observed. The Metal, Realty, and Pharma sectors saw gains, while PSU Banks, Media, and FMCG indices declined. The broader market indices, Nifty Midcap 100 and Smallcap 100, underperformed, falling by 0.4% each.

Analysts suggest the near-term trend remains positive but volatile. Nagaraj Shetti sees support at 25,750-25,700 and resistance at 26,000, with potential upside towards 26,300. Rupak De notes immediate resistance at 26,000, suggesting a rally towards 26,200-26,350 if breached. Nilesh Jain views the breakout above 26,000 as crucial, with support shifted to 25,700, seeing pullbacks as buying opportunities in a bullish broader trend. Nandish Shah places immediate resistances at 26,100 and 26,277, with support near 25,715. For Bank Nifty, Sudeep Shah anticipates support between 57,900-57,800, with a break below 57,800 potentially leading to 57,400, while resistance is at 58,600 for a move towards 59,000.

Globally, investors are awaiting key US macro data releases, including Core CPI and Initial Jobless Claims.

Impact: This news directly impacts the Indian stock market by introducing volatility due to election outcomes and policy stimulus for exporters. The policy move is expected to provide a boost to export-oriented sectors, while election results can influence overall market sentiment and sector rotation. The upcoming US data may also trigger global market reactions. Rating: 8/10

Difficult Terms: * **Nifty**: A stock market index representing the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. * **Volatility**: The degree of variation of a trading price series over time, typically measured by the standard deviation of logarithmic returns. In simpler terms, how much the price of something goes up and down rapidly. * **Intraday Swings**: Significant price movements within a single trading day. * **Profit Booking**: The act of selling a security that has increased in price, realizing the profit. * **Broader Markets**: Refers to small-cap and mid-cap stocks, as opposed to large-cap stocks which make up the main indices. * **Nifty Midcap 100 / Smallcap 100**: Stock market indices comprising the 100 mid-cap and 100 small-cap companies respectively, listed on the National Stock Exchange. * **Union Cabinet**: The highest decision-making body in India for government policy, headed by the Prime Minister. * **Exporters**: Individuals or companies that sell goods or services to other countries. * **Credit Guarantees**: A promise from a third party (government in this case) to lenders that they will be repaid if the borrower defaults on a loan. * **Trade Finance**: Financial instruments and services that facilitate international trade. * **Market-Access Support**: Assistance provided to companies to help them enter and succeed in foreign markets. * **US Tariff Actions**: Taxes imposed by the United States government on imported goods. * **Macro Data**: Economic indicators that provide information about the overall health and performance of an economy. * **Core CPI (Consumer Price Index)**: A measure of inflation that excludes volatile food and energy prices. * **Initial Jobless Claims**: A weekly report showing the number of people filing for unemployment benefits for the first time. * **Near-term trend**: The likely direction of the market or a stock over the next few days to weeks. * **Support**: A price level where a falling stock or index is expected to stop falling and rebound due to increased buying interest. * **Resistance**: A price level where a rising stock or index is expected to stop rising and decline due to increased selling pressure. * **Moving Average**: A technical analysis indicator that smooths out price data by creating a constantly updated average price. The 21-day moving average is the average price over the last 21 trading days. * **Bank Nifty**: A stock market index representing the banking sector of India, comprising the most liquid and large Indian bank stocks.