Business EconomyPosted at: Nov 9 2026 8:44PM


Stock Market ends volatile session with modest gains; PSU banks lead

New Delhi, Nov 9 (UNI) The Indian stock market on Monday ended a volatile session with modest gains recovering from steep intraday losses as banking stocks rallied. At close, Sensex was 107.25 points, or 0.13 percent, higher at 81,106.65, while the Nifty gained 58.25 points, or 0.23 percent, to settle at 25,044.65.
Among the sectors, PSU banks led the gains with a 3.65 percent surge. It was followed by Bank Nifty and Pharma.
On the declining side were IT down by 1.22 percent and Metals slipped 0.46 percent.
On Nifty, the gainers were Larsen & Toubro up by 1.82 percent, HDFC Bank advanced 1.75 percent, ICICI Bank gained 1.53 percent, SBI surged 2.56 percent, Trent advanced 2.02 percent, while NTPC gained 1.87 percent.
The Indian rupee extended its northbound journey for the fifth consecutive session, supported by a declining US dollar and lower Treasury yields.
Vinod Nair, Head of Research, Geojit Investments Limited said, "Indian equities traded range-bound with a positive bias, as intermittent profit booking following the recent rally capped gains. Weakness in IT and metal stocks also weighed on the benchmarks. Improving FII participation and better-than-expected corporate earnings have strengthened expectations of an upgrade to the FY27 earnings outlook, supporting market sentiment."
"While several key macro tailwinds appear to be increasingly priced in, valuation comfort, particularly in large caps, easing geopolitical concerns, moderation in crude oil prices from recent peaks, and prospects of a double-digit earnings recovery provide a constructive medium-term backdrop.
"Investors are now awaiting India and US inflation data for fresh cues on the interest-rate trajectory, while crude oil prices and global risk sentiment remain key near-term monitorables."
The Indian stock market will remain closed for Diwali-Balipratipada with trading on NSE and BSE to remain shut on Tuesday, November 10, 2026.
UNI VK RN
Tags: #Stock Market ends volatile session with modest gains; PSU banks lead
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