The November 2025 futures contract of India’s Nifty 50 index closed at a premium of approximately 185 points over the cash counterpart, highlighting bullish positioning ahead of crucial corporate earnings and domestic data releases. The domestic volatility index also moved higher, indicating market caution even within optimism. Analysts suggest the elevated premium might reflect strong investor sentiment but warn that the margin for error is reducing in the current environment. Traders are watching data flows and corporate updates closely for unwinding signals.