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Market Highlights: Nifty 50 trades at 24,896 as PSU Bank stocks surge amid volatile session | 09 Nov 2026, 02:00 PM IST

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Nifty 50 trades at 24,896 as PSU Bank stocks surge amid volatile session

Key Highlights

The Nifty 50 trades at 24,896.55, down 0.36% intraday as of Monday, 9 November 2026. PSU Banks lead while IT stocks face significant selling pressure.

The is currently trading at 24,896.55, marking a decline of −0.36% or −90 points from the previous session. As of Monday, 9 November 2026, intraday, the market is navigating a session defined by sharp sector rotation, with investors shifting focus toward banking stocks while shedding positions in technology firms. The session opened at 25,076.40, reaching a high of 25,084.05 before retreating to a low of 24,838.75.

Nifty 50
24,896.55
−0.36% · −89.85 pts
Day range
24,839–25,084
Opened 25,076.40
India VIX
17.55
−4.54% on the day
Last 5 sessions
+6.59%
Nifty 50 change

The 60-Second Version

  • The Nifty 50 trades at 24,896.55, reflecting a −0.36% dip.
  • Nifty PSU Bank emerges as the top sector with a +1.88% gain.
  • Nifty IT remains the primary laggard, shedding −1.63% during the session.
  • India VIX, which measures expected market volatility, is down −4.54% to 17.55.
  • FIIs have turned net buyers with a five-session aggregate of +45,960 crore.

How the Indices are Trading

The broader market sentiment remains cautious as the Nifty 50 trades −0.36% lower. This follows a period of strong momentum, with the index having gained 6.59% over the last five sessions and 10.95% over the last 20 sessions. Currently, the index sits just 0.18% below its 20-session high of 25,030.35. Meanwhile, the Nifty Bank index is showing resilience, trading up +0.47% at 59,125.35. The Nifty Midcap 100 index is also under pressure, trading at 60,572.00, down −0.19%. The India VIX at 17.55 indicates a cooling of volatility expectations compared to recent levels.

Index levels, mid-session, 9 November 2026
IndexCloseChangeChange %
NIFTY Midcap 10060,572.00−116.15−0.19%
Nifty Bank59,125.35+274.70+0.47%
Nifty 5024,896.55−89.85−0.36%

Nifty 50: the bigger picture

Nifty 50 over recent sessions, to 8 Nov
MeasureValue
Last 5 sessions+6.59%
Last 20 sessions+10.95%
20-session high25,030.35
20-session low22,363.35
Below the 20-session high0.18%
Current run1 session down in a row

Who is Leading and Lagging

Sector performance is highly polarized today. Nifty PSU Bank leads the pack with a gain of +1.88%, supported by strong buying in State Bank Of India (SBIN), which is up +1.72%. Nifty Pharma is the second-best performer, rising +1.38%. On the flip side, Nifty IT is the worst performer, falling −1.63%, dragged down by heavy losses in HCL Technologies Ltd. (−2.43%) and Infosys Ltd. (−2.00%).

Sector indices, 9 November 2026: the five best and five worst of 18
Sector indexChange %
Nifty PSU Bank+1.88%
Nifty Pharma+1.38%
Nifty Healthcare Index+1.02%
Nifty Bank+0.47%
Nifty Media+0.45%
Nifty CPSE−0.48%
Nifty India Consumption−0.51%
Nifty Infrastructure−0.53%
Nifty Metal−0.77%
Nifty IT−1.63%
Top gainers
StockPriceChange %
State Bank Of India₹1,033.5+1.72%
Nestle India Ltd.₹1,287.9+1.13%
HDFC Bank Ltd.₹792.6+1.08%
ICICI Bank Ltd.₹1,579.9+0.95%
Trent Ltd.₹3,085+0.90%
Top losers
StockPriceChange %
Tata Steel Ltd.₹185.01−2.73%
Ultratech Cement Ltd.₹12,178−2.57%
HCL Technologies Ltd.₹1,407−2.43%
Infosys Ltd.₹1,148.2−2.00%
Bharti Airtel Ltd.₹2,047.8−1.81%

Under the Hood

Market participation is highlighted by specific stocks hitting 52-week highs, including ICICI Bank Ltd. (+0.95%), Divi’s Laboratories Ltd. (+3.72%), and Gland Pharma Ltd. (+6.26%). Conversely, PI Industries Ltd. and AIA Engineering Ltd. have touched 52-week lows. shockers are also prevalent, with Alembic Ltd. recording volumes 46.4x its 20-session average, and Sun Pharma Advanced Research Company Ltd. seeing 34.2x its average volume, signaling high institutional or retail interest in these specific counters.

Touched a 52-week high (29 of 450 liquid stocks scanned)
StockPriceChange %
ICICI Bank Ltd.₹1,579.9+0.95%
Divi’s Laboratories Ltd.₹11,509.5+3.72%
Sai Life Sciences Ltd.₹1,852.6+6.23%
Laurus Labs Ltd.₹2,443.2+3.09%
Gland Pharma Ltd.₹3,329+6.26%
Touched a 52-week low (2 of 450)
StockPriceChange %
PI Industries Ltd.₹1,713.5−2.12%
AIA Engineering Ltd.₹3,146.5−1.33%
Heavy volume against the 20-session average
StockVolume vs averageChange %
Alembic Ltd.46.4x+8.83%
Sun Pharma Advanced Research Company Ltd.34.2x+6.87%
KPI Green Energy Ltd.32.0x+13.80%
KP Energy Ltd.31.8x+20.00%
Aarti Drugs Ltd.15.3x+10.52%

The Money Side

Institutional flows have been heavily skewed toward foreign investors recently. Over the last five sessions, FIIs have pumped in a net of +45,960 crore, while DIIs have been net sellers to the tune of −24,197 crore. This divergence continues to influence liquidity dynamics in the large-cap space.

and net flows, ₹ crore (positive is net buying)
SessionFII netDII net
6 Nov+13,750−5,969
5 Nov+14,975−10,445
4 Nov+7,284−3,712
3 Nov+6,837−3,679
2 Nov+3,115−392
Last 5 sessions+45,960−24,197

The Rest of the Day

Investors are monitoring results from Olectra Greentech Ltd. and Whirlpool Of India Ltd. as they hold board meetings today. Additionally, Vedant Poly Fabs Ltd. lists today, and Dabur India Ltd. trades ex-dividend with a payout of ₹3.5 per share.

On the calendar today, Monday, 9 November

Results due on Monday, 9 November
CompanyAlso considering a dividend
Olectra Greentech Ltd.—
Whirlpool Of India Ltd.—
IPOs on the calendar
CompanyWhat happens
Vedant Poly Fabs Ltd.

Price band ₹88 to ₹94
Lists on the exchanges
Trading ex-date
CompanyEventDetail
Dabur India Ltd.dividend₹3.5 per share

The market mood remains guarded as the Nifty 50 struggles to maintain the 25,000 level while sector-specific buying keeps the banking index in positive territory.