The Nifty 50 ended marginally lower at 24,979.75, while the Nifty PSU Bank index outperformed with a notable gain of 2.17% amid a broad market divergence.
The Indian equity market experienced a day of consolidation on Monday, November 9, 2026, as the index closed at 24,979.75, reflecting a marginal decline of -0.03%. Despite the headline index remaining largely unchanged, sector-specific movements were pronounced, with banking and healthcare stocks providing support while IT and metal sectors faced significant selling pressure.
Nifty 50
24,979.75
−0.03% · −6.65 pts
Day range
24,839–25,084
Opened 25,076.40
India VIX
17.25
−6.13% on the day
Last 5 sessions
+6.59%
Nifty 50 change
The Nifty Bank index managed to defy the broader trend, closing with a gain of +0.93% at 59,395.00, buoyed by strong performances from state-owned lenders. Meanwhile, the India VIX cooled significantly, dropping -6.13% to settle at 17.25, suggesting a reduction in market volatility expectations.
The banking sector was the primary driver of market sentiment today. State Bank of India (SBIN) topped the gainers’ list with a +2.66% move to ₹1043, supported by news regarding its financial results and investor presentation. Other major lenders including HDFC Bank Ltd. (+1.71%) and ICICI Bank Ltd. (+1.04%) also contributed to the positive momentum. HDFC Life Insurance Company Ltd. added to the financial services rally, rising +1.19% to ₹568.7 after reporting a 16% increase in Q2 consolidated net profit.
Pressure on IT and Metals
On the flip side, the IT sector faced a difficult session, with HCL Technologies Ltd. falling -2.16% to ₹1410.8 and Infosys Ltd. shedding -1.72% to ₹1151.5. Tech Mahindra Ltd. also retreated by -1.11%. The metal sector mirrored this weakness, as Tata Steel Ltd. recorded the largest decline of the day, dropping -2.73% to ₹185.
Sector indices, 9 November 2026: the five best and five worst of 18
Sector index
Change %
Nifty PSU Bank
+2.17%
Nifty Pharma
+1.49%
Nifty Healthcare Index
+1.25%
Nifty Media
+0.98%
Nifty Bank
+0.92%
Nifty Oil & Gas
−0.23%
Nifty India Consumption
−0.27%
Nifty Infrastructure
−0.36%
Nifty Metal
−0.70%
Nifty IT
−1.37%
Beyond the List
Market activity remained high in specific pockets, with several stocks hitting 52-week highs, including Divi’s Laboratories Ltd. (+3.27%), ICICI Bank Ltd. (+1.04%), and Gland Pharma Ltd. (+7.03%). Conversely, PI Industries Ltd. and AIA Engineering Ltd. touched 52-week lows. Trading volumes were notably high for Alembic Ltd., which saw volumes 33.6 times its 20-session average, alongside Sun Pharma Advanced Research Company Ltd. at 28.5 times its average volume.
Touched a 52-week high (25 of 375 liquid stocks scanned)
Stock
Price
Change %
Divi’s Laboratories Ltd.
₹11,460
+3.27%
ICICI Bank Ltd.
₹1,581.3
+1.04%
Sai Life Sciences Ltd.
₹1,816.5
+4.16%
Laurus Labs Ltd.
₹2,425.7
+2.35%
Gland Pharma Ltd.
₹3,353
+7.03%
Touched a 52-week low (2 of 375)
Stock
Price
Change %
PI Industries Ltd.
₹1,729
−1.24%
AIA Engineering Ltd.
₹3,145.6
−1.36%
Heavy volume against the 20-session average
Stock
vs average
Change %
Alembic Ltd.
33.6x
+11.12%
Sun Pharma Advanced Research Company Ltd.
28.5x
+6.84%
IOL Chemicals And Pharmaceuticals Ltd.
9.8x
+11.78%
Banco Products (India) Ltd.
8.9x
+0.63%
Aarti Drugs Ltd.
8.9x
+12.25%
On the Calendar
Investors are monitoring results board meetings for Olectra Greentech Ltd. and Whirlpool Of India Ltd. today. Additionally, Vedant Poly Fabs Ltd. lists today with a price band of ₹88 to ₹94, and Dabur India Ltd. trades ex-date for a dividend of ₹3.5 per share.
Stocks that hit a circuit limit
Stock
Side
Price
Change %
MTAR Technologies Ltd.
Lower
₹5,434.5
−5.00%
Standard Engineering Technology Ltd.
Lower
₹344.55
−4.99%
Birla Cable Ltd.
Lower
₹345.1
−5.00%
Empower India Ltd.
Lower
₹1.15
−4.96%
On the calendar today, Monday, 9 November
Results due on Monday, 9 November
Company
Also considering a dividend
Olectra Greentech Ltd.
—
Whirlpool Of India Ltd.
—
IPOs on the calendar
Company
What happens
Vedant Poly Fabs Ltd.
Price band ₹88 to ₹94
Lists on the exchanges
Trading ex-date
Company
Event
Detail
Dabur India Ltd.
dividend
₹3.5 per share
The divergence between the strong performance of banking stocks and the weakness in IT and metal counters highlights a selective appetite for risk in the current market environment.
