Indian stock markets ended Monday with modest gains after a volatile session, as buying in banking and pharmaceutical shares helped the benchmark indices recover from their intraday lows. The Nifty 50 managed to hold above 25,000, while the Sensex finished above 81,100. The gains were considerably smaller than those recorded during last week’s rally, suggesting that investors were becoming more selective after the sharp advance.
The BSE Sensex closed at 81,106.65, gaining 107.25 points or 0.13%. The Nifty 50 settled at 25,044.65, up 58.25 points or 0.23%. Bank Nifty outperformed the frontline indices, advancing 1.51% to 59,741.25. The Midcap 100 and Smallcap 100 also finished higher, although their gains remained relatively modest.
The session was marked by a clear difference in sector performance. Public-sector banks and pharmaceutical companies attracted buying interest, while information technology and metal stocks faced selling pressure. The broader market finished with more declining stocks than advancing stocks, reflecting the cautious mood beneath the headline index gains.
In simple words: The Sensex gained 107 points and the Nifty advanced 58 points, holding above 25,000. Banking and pharmaceutical shares supported the market, while IT and metal stocks remained weak. The broader market saw more declines than advances.
Indian Stock Market Closing Indices, November 9, 2026
| Index | Closing level | Change |
|---|---|---|
| BSE Sensex | 81,106.65 | +107.25 points (+0.13%) |
| Nifty 50 | 25,044.65 | +58.25 points (+0.23%) |
| Nifty Bank | 59,741.25 | +890.60 points (+1.51%) |
| Nifty Midcap 100 | 61,022.55 | +334.40 points (+0.55%) |
| Nifty Smallcap 100 | 19,185.05 | +18.65 points (+0.10%) |
The Nifty 50 moved between 24,838.75 and 25,084.05 during the session. After briefly slipping below 24,900, the index recovered and finished above the psychologically important 25,000 level. The Sensex followed a similar pattern, recovering from its intraday weakness to close in positive territory.
Banking stocks provided the strongest support among the major indices. Bank Nifty added 890.60 points, comfortably outperforming the Sensex and Nifty. The strength of public-sector lenders helped offset weakness in several other heavyweight stocks.
The broader indices also ended higher, but their performance was more restrained. The Midcap 100 gained 0.55%, while the Smallcap 100 added just 0.10%. The relatively narrow gains showed that Monday’s recovery was not accompanied by equally strong buying across all market segments.
Market Breadth
Market breadth remained negative on Monday, despite the positive closing figures for the benchmark indices. Declining stocks outnumbered advancing stocks across the NSE, showing that weakness extended beyond a few individual companies.
| Market breadth | Number of stocks |
|---|---|
| Advancing stocks | 1,629 |
| Declining stocks | 1,959 |
| Unchanged stocks | 110 |
| Nifty 50 gainers | 19 |
| Nifty 50 losers | 31 |
Of the 3,698 stocks covered in the exchange-wide breadth figures, 1,959 declined against 1,629 advances, while 110 remained unchanged. The advance-decline ratio stayed below one, indicating that selling pressure was still more widespread than buying interest.
The Nifty 50 also reflected this uneven participation. Only 19 constituents finished higher, compared with 31 that ended lower. Banking and pharmaceutical shares helped keep the benchmark in positive territory, even as several technology, metal and consumer stocks weighed on individual portfolios.
Top Nifty 50 Gainers Today
State Bank of India led the Nifty 50 gainers on Monday, rising 2.56% to close at ₹1,042.00. Trent and Nestle India also recorded healthy advances, while NTPC and Larsen & Toubro finished among the stronger performers.
Banking stocks featured prominently on the gaining side. SBI, HDFC Bank and ICICI Bank benefited from the broader strength in financial shares, while selected healthcare and automobile companies also attracted buying interest.
| Stock | Closing price | Gain |
|---|---|---|
| State Bank of India | ₹1,042.00 | +2.56% |
| Trent | ₹3,119.20 | +2.02% |
| Nestle India | ₹1,297.80 | +1.91% |
| NTPC | ₹328.75 | +1.87% |
| Larsen & Toubro | ₹4,185.00 | +1.82% |
| HDFC Bank | ₹798.15 | +1.79% |
| ICICI Bank | ₹1,589.00 | +1.53% |
| Apollo Hospitals | ₹8,549.50 | +1.42% |
| Dr. Reddy’s Laboratories | ₹1,385.00 | +1.09% |
| Maruti Suzuki | ₹12,928.00 | +0.88% |
The performance of SBI and other major banking companies helped support the benchmark indices. Trent and Nestle India added to the gains from consumer-facing businesses, while Apollo Hospitals and Dr. Reddy’s Laboratories reflected the relative strength in healthcare and pharmaceutical shares.
Top Nifty 50 Losers Today
Tata Steel recorded the steepest decline among Nifty 50 constituents, falling 2.81% to ₹184.85. HCL Technologies and UltraTech Cement also experienced notable selling pressure, while ITC, Bajaj Finance and Infosys finished among the other major laggards.
Technology and metal stocks accounted for much of the weakness. The declines in HCL Technologies, Infosys and Tata Consultancy Services reflected the pressure on the information technology sector, which remained one of the weakest parts of Monday’s market.
| Stock | Closing price | Loss |
|---|---|---|
| Tata Steel | ₹184.85 | -2.81% |
| HCL Technologies | ₹1,407.00 | -2.43% |
| UltraTech Cement | ₹12,275.00 | -1.79% |
| ITC | ₹278.80 | -1.64% |
| Bajaj Finance | ₹1,064.85 | -1.56% |
| Infosys | ₹1,154.10 | -1.49% |
| Tech Mahindra | ₹1,805.00 | -1.36% |
| Power Grid Corporation | ₹257.95 | -1.30% |
| Max Healthcare | ₹915.00 | -1.19% |
| Grasim Industries | ₹3,169.70 | -1.17% |
The contrast between banking and technology shares was particularly noticeable. While lenders supported the benchmarks, several IT companies remained under pressure. Metal and cement stocks also struggled, limiting the broader market’s ability to participate in the recovery.
Also Read: GIFT Nifty Today, November 9, 2026: Market Opening Sentiment and Key Levels
Monday’s Closing Picture: PSU Banks and Pharma Lead as IT Stocks Drag
Sectoral performance was mixed, with public-sector banking and pharmaceutical companies emerging as the strongest performers. The Nifty PSU Bank index advanced 3.73%, making it the leading sectoral gainer. Nifty Pharma gained 1.65%, while healthcare and consumer durables also finished higher.
The weakness was concentrated in information technology, metals and FMCG stocks. Nifty IT declined 1.22%, while Nifty Metal lost 0.46% and Nifty FMCG slipped 0.15%. Realty, private banking and media shares recorded modest gains.
| Market indicator | Closing performance |
|---|---|
| Nifty Realty | +0.77% |
| Nifty Metal | -0.46% |
| Nifty IT | -1.22% |
| Nifty FMCG | -0.15% |
| Nifty Auto | +0.30% |
| Nifty Energy | +0.25% |
| Nifty Media | +0.48% |
| Nifty Consumer Durables | +0.92% |
| Nifty Pharma | +1.65% |
| Nifty PSU Bank | +3.73% |
| Nifty Private Bank | +0.74% |
| Nifty Financial Services | +0.75% |
| Brent crude | Around $97 per barrel |
| Indian rupee | ₹93.9275 per US dollar |
| Japan Nikkei 225 | +2.33% |
| South Korea Kospi | -0.81% |
| Hong Kong Hang Seng | +0.09% |
| China Shanghai Composite | +0.32% |
| Taiwan Taiex | +4.94% |
The pharmaceutical sector continued to attract buying interest, with Nifty Pharma advancing 1.65%. Healthcare companies also performed well, while the PSU Bank index recorded the strongest sectoral advance. The improvement in public-sector lenders was particularly important in supporting Bank Nifty.
Information technology remained a drag on the market. The Nifty IT index fell 1.22%, while metal shares declined 0.46%. FMCG stocks also finished slightly lower, showing that Monday’s buying interest was concentrated in selected sectors rather than spread uniformly across the market.
Also Read: Indian Stock Market Week-Ahead Outlook: November 9–13, 2026
Brent crude traded around $97 per barrel, remaining below the $100 mark. The Indian rupee ended at ₹93.9275 against the US dollar, slightly weaker than its previous close of ₹93.9050. The currency gave up a small portion of its recent gains after dollar demand emerged during the session.
Asian markets presented a mixed picture. Japan’s Nikkei 225 advanced 2.33%, while Taiwan’s Taiex surged 4.94%. China’s Shanghai Composite added 0.32% and Hong Kong’s Hang Seng edged higher by 0.09%. South Korea’s Kospi finished lower by 0.81%. The regional performance reflected a recovery in several Asian markets following the recent technology-led selloff, although the weakness in South Korea remained noticeable.
Monday’s session ended with the Nifty holding above 25,000 and the Sensex maintaining its position above 81,100. The banking sector provided the main support, while pharmaceutical shares added to the gains. However, negative market breadth and continued weakness in IT and metal stocks showed that the broader recovery remained selective.
The next regular trading session will take place on Wednesday, November 11. Indian stock markets will remain closed on Tuesday, November 10, on account of Diwali Balipratipada. With the holiday interrupting the regular trading schedule, Monday’s closing levels will provide the reference point when markets reopen.
Disclaimer
This article is published by Onetrader for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell or hold any security. Stock market investments involve financial risk. Readers should conduct their own research or consult a qualified financial adviser before making investment decisions. Onetrader is not registered with SEBI as an investment adviser or research analyst.
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