The Indian equity market experienced a day of consolidation on Monday, November 9, 2026, as the Nifty 50 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.

Index levels, 9 November 2026
Index Close Change Change %
Nifty Bank 59,395.00 +544.35 +0.93%
Nifty 50 24,979.75 −6.65 −0.03%

The 60-Second Version

  • State Bank of India led the gainers, rising +2.66% to ₹1043.
  • Tata Steel emerged as the top loser, declining -2.73% to ₹185.
  • HDFC Life Insurance gained +1.19% following the report of a 16% rise in Q2 consolidated net profit.
  • The Nifty PSU Bank index was the best-performing sector, climbing +2.17%.
  • The Nifty IT index lagged behind, falling -1.37%.
Top gainers
Stock Price Change %
State Bank Of India ₹1,043 +2.66%
HDFC Bank Ltd. ₹797.5 +1.71%
HDFC Life Insurance Company Ltd. ₹568.7 +1.19%
Dr. Reddy’s Laboratories Ltd. ₹1,385.3 +1.12%
NTPC Ltd. ₹326.3 +1.12%
ICICI Bank Ltd. ₹1,581.3 +1.04%
Apollo Hospitals Enterprise Ltd. ₹8,512 +0.97%
Trent Ltd. ₹3,079.8 +0.73%
Larsen & Toubro Ltd. ₹4,137 +0.66%
Maruti Suzuki India Ltd. ₹12,891 +0.59%
Top losers
Stock Price Change %
Tata Steel Ltd. ₹185 −2.73%
HCL Technologies Ltd. ₹1,410.8 −2.16%
Infosys Ltd. ₹1,151.5 −1.72%
Ultratech Cement Ltd. ₹12,288 −1.69%
Bharti Airtel Ltd. ₹2,056.3 −1.40%
Hero MotoCorp Ltd. ₹5,405 −1.33%
Bajaj Finance Ltd. ₹1,068.9 −1.19%
Grasim Industries Ltd. ₹3,170.2 −1.15%
ITC Ltd. ₹280.3 −1.11%
Tech Mahindra Ltd. ₹1,809.6 −1.11%

Banking Stocks Lead the Charge

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 Volume 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.

Nifty 50: the bigger picture

Nifty 50 over recent sessions, to 8 Nov
Measure Value
Last 5 sessions +6.59%
Last 20 sessions +10.95%
20-session high 25,030.35
20-session low 22,363.35
Below the 20-session high 0.18%
Current run 1 session down in a row