Sensex Ends at 81,107, Nifty 25,045 as PSU Banks Rally

ByPriyaNovember 10, 20262 Mins read1 Views

Stock market trading screens showing share prices

The Sensex closing level on Monday, 9 November 2026, was 81,106.65, up 107.25 points or 0.13%, while the Nifty 50 ended at 25,044.65, up 58.25 points or 0.23%, reclaiming the 25,000 mark. Both indices closed at their highest levels since 27 February 2026, according to HDFC Sky’s market report.

Gains were led by banks. The Nifty PSU Bank index rose 3.7% and Bank Nifty added 1.51%, per HDFC Sky. PTI, in a report carried by ThePrint, put the PSU Bank gauge at 3.76% and the Bankex at 1.41%. The Sensex touched an intraday high of 81,339.41 before profit-booking trimmed gains.

What Moved the Sensex and Nifty on 9 November?

State Bank of India was the top Nifty gainer at 2.6%, followed by Trent (2.0%) and NTPC (1.9%), HDFC Sky reported. Tata Steel fell 2.8%, HCL Technologies 2.4%, UltraTech Cement 1.8% and Infosys 1.5%. Nifty IT was the weakest sector, down 1.2%, while Nifty Pharma rose 1.6%.

Analysts cited by PTI pointed to lower crude oil prices, buying in banking and financial stocks, sustained foreign institutional inflows, better-than-expected corporate earnings and easing geopolitical worries. HDFC Sky reported that foreign portfolio investors had bought over $4.1 billion of Indian equities in November so far, the strongest monthly inflow since September 2024.

How Broad Was the Rally?

Breadth was weak. On the NSE, 2,316 stocks declined against 1,922 advancers, HDFC Sky said, so the gains were concentrated in a few heavyweights. The Nifty Midcap 100 rose 0.6% and the Nifty Smallcap 100 rose 0.1%. India VIX, the volatility gauge, fell 5.8%.

PTI noted that the Sensex had jumped 6,568.49 points, or 8.82%, in the previous week, and the Nifty 1,977.25 points, or 8.57%. That context explains why profit-booking capped Monday’s advance.

Market and Trade Reaction

Brent crude fell 1.04% to $97.46 a barrel on Monday, according to the PTI report, supporting sentiment. HDFC Sky said a global sell-off in AI-linked stocks over profitability concerns had led some investors to reallocate towards emerging markets such as India. One broker raised its end-2027 Nifty 50 target to 28,000, implying about 12% upside, and another upgraded Indian equities to overweight, the same report said.

What Happens Next?

Indian markets are closed on Tuesday, 10 November, for Diwali-Balipratipada, and trading resumes on Wednesday, 11 November. Retail inflation data for October is due on Thursday. PTI noted that India’s September CPI reading of 5.54% was the highest of 2026. It also flagged that a stronger-than-expected US jobs report has raised the possibility of a Federal Reserve rate hike in December, and that US October CPI data is pending. Participants expect stock-specific moves and intermittent profit-booking as earnings season continues, HDFC Sky said.