India Market Daily — 2026-11-09
Indian benchmarks erased early losses on Monday, November 9, with the Sensex gaining 37 points to 81,036 and the Nifty rising 12 points to 24,998 around mid-morning. State Bank of India led gains, jumping over 2%, while IT stocks slid amid global technology selloffs. Foreign Institutional Investors (FIIs) remained net buyers in the preceding session, while Domestic Institutional Investors (DIIs) continued their supportive buying streak.
India Market Daily — 2026-11-09
Market Snapshot
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,998 | +12 | +0.05% |
| Sensex | 81,036 | +37 | +0.05% |
| Bank Nifty | Data Unavailable | N/A | N/A |
| Nifty IT | Data Unavailable | N/A | N/A |
| Nifty Pharma | Data Unavailable | N/A | N/A |
Note: Data reflects mid-morning session levels as of 11:48 AM IST.
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Sensex Today | Stock Market Live: Sensex turns positive, Nifty nears 25,000; SBI jumps 3%, PSU banks
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Closing Bell: Bulls
Top Gainers & Losers
Gainers
- State Bank of India (SBI): Surged 2.37% to ₹1040.1, leading the session's gains. PSU banks rallied broadly by 2%.
- Apollo Hospitals Enterprise Ltd: Advanced 1.12% to ₹8524.5.
- Dr Reddy's Laboratories Ltd: Climbed 1.06% to ₹1384.5.
Losers
- IT Sector: The sector slid, contributing to the broader market's mixed performance, though specific stock-level closing data for losers was not detailed in the available snippets.
- Note: Specific top loser stocks with price data for Nov 9 were not fully detailed in the provided sources, unlike the Nov 6 report which listed Eicher Motors and Power Grid Corp as losers.
FII & DII Activity
| Category | Net Buy/Sell (₹ Cr) | Trend |
|---|---|---|
| FII (Foreign) | +13,749.80 (Nov 06) | Net Buyers |
| DII (Domestic) | Data Unavailable | Supportive |
Analysis: FIIs were net buyers of ₹13,749.80 Cr in the cash segment on November 06, 2026. This inflow suggests continued foreign confidence despite global volatility. DIIs typically remain net buyers to counter FII outflows, providing a floor to the market.
Sector Performance
- Banking: Led by PSU banks which rallied 2%, with SBI up over 2%.
- IT: Slid, weighed down by global technology selloffs and AI slowdown fears.
- Pharma: Showed positive movement with Dr Reddy's and Apollo Hospitals gaining.
- Realty/Banking: Dragged the market during the Muhurat trading session on Nov 8, though specific Nov 9 sectoral breakdowns are limited in the current data.
Key Market Movers
- Muhurat Trading Impact: On Sunday, November 8, the Sensex and Nifty ended lower in the special Diwali trading session, surrendering early gains. The Sensex closed down 28.62 points at 80,999.40, and the Nifty declined 43.95 points. This marked the first time in 9 years that the indices ended in red during Muhurat trading.
- Samvat 2083 Outlook: Indian businesses enter the new year with cautious optimism. Strong GST collections and festive demand are positives, but weak hiring and easing manufacturing momentum pose risks.
- Airtel Q2 Results: Airtel shares rallied 3% after Q2 profit jumped 31%, with brokerages remaining bullish on the telecom major.
Macro & Global Cues
- Rupee: The Indian Rupee hit a fresh six-month high against the US Dollar, with USD/INR near 94.08, driven by global sector rotations away from AI-heavy assets.
- Crude Oil: Brent crude was trading at $97 per barrel, a significant factor impacting market sentiment due to inflation concerns.
- US Markets: US index futures traded higher, while European index futures were lower during Asian hours. The Nikkei 225 rose 1.44%, providing a mixed global cue.
- RBI Policy: The RBI recently raised rates by 25 bps to 5.5%, its first hike in nearly 4 years, citing inflation risks. Analysts expect further tightening in December.
What to Watch Tomorrow
- Q2 Earnings Season: Over 1,600 companies are scheduled to release Q2 results this week, which will be a key driver for stock-specific movements.
- Nifty 25,000 Breakout: Market participants will watch if the Nifty can sustainably break and hold above the psychological 25,000 mark.
- Global Inflation Data: Upcoming US and India inflation data will influence RBI's next policy stance and FII flows.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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