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Post Session: Quick Review
Nov-09-2026

Indian equity markets witnessed a volatile trading session on Monday, with both the Sensex and Nifty closing marginally higher after recovering from early losses. Gains in banking and select heavyweight stocks, helped offset weakness in IT and metal stocks, lending support to overall market sentiment. Meanwhile, U.S. President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make progress, despite both nations’ reports of attacks on ships in or near the Strait of Hormuz.

Some of the important factors in trade:

States' capital expenditure likely to increase 10-12% in FY27: Some support came with Crisil Ratings’ report stating that states' capital expenditure is expected to increase 10-12 per cent to about Rs 8.5 lakh crore in FY27, driven by higher central assistance and improved fiscal flexibility. 

India explores business, investment opportunities with Hungary during high-level meetings: The street took a note of reports that India and Hungary are exploring avenues to expand trade, investment and industrial partnerships across several high-potential sectors. In this regard, Minister of State for Commerce and Industry, and Electronics and Information Technology, Jitin Prasada, visited Hungary from November 4-6, 2026. 

India's forex reserves drop by $2.69 billion to $717 billion: Traders overlooked that RBI said India's forex reserves dropped by $2.691 billion to $717.056 billion during the week ended October 30. In the previous week, the forex kitty had reduced by $1.269 billion to $719.748 billion. 

On the global front: European stocks were trading higher ahead of key U.S. inflation data and earnings from major AI companies, including CoreWeave, Cisco and Applied Materials, due later in the week. Asian markets traded mostly higher, supported by gains in Taiwan, Japan amid a recovery in semiconductor stocks after last week's decline.

The BSE Sensex ended at 81106.65, up by 107.25 points or 0.13% after trading in a range of 80519.31 and 81339.41. There were 10 stocks advancing against 20 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Bankex up by 1.41%, PSU up by 1.29%, Healthcare up by 1.10%, Realty up by 0.66% and Power up by 0.57%, while Telecom down by 1.54%, IT down by 1.31%, TECK down by 1.19%, Metal down by 0.70% and Basic Materials down by 0.56% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were State Bank of India up by 2.30%, Larsen & Toubro up by 1.91%, Trent up by 1.76%, HDFC Bank up by 1.65% and ICICI Bank up by 1.42%. On the flip side, HCL Technologies down by 2.67%, Ultratech Cement down by 2.22%, Infosys down by 1.98%, Tata Steel down by 1.90% and Bajaj Finance down by 1.69% were the top losers. (Provisional)

Meanwhile, the Reserve Bank of India (RBI) in its data has showed that non-banking finance companies' (NBFCs) credit to gold jewellery and consumer durables recorded a sharp year-on-year growth of over 50 per cent in September 2026. NBFCs credit towards gold jewellery outstanding for non-bank lenders surged 66.1 per cent to Rs 3.74 lakh crore in September 2026, compared with Rs 2.25 lakh crore in the corresponding month last year. Similarly, NBFC lending to the consumer durables segment increased 54.4 per cent year-on-year to Rs 77,896 crore from Rs 50,411 crore.  

According to the data, the overall credit of NBFCs grew 15.4 per cent to Rs 61.69 lakh crore in September 2026, compared with Rs 53.46 lakh crore in September 2025. Credit to agriculture and allied activities registered a robust growth of 17.8 per cent in September 2026, significantly higher than the 5.2% growth recorded a year ago. However, credit growth in the industrial sector moderated to 7.4 per cent in September 2026 from 10.2 per cent in the corresponding period last year, while lending to the infrastructure segment remained subdued. 

In the services sector, credit growth eased to 17.3 per cent in September 2026 from 23 per cent a year ago. While lending to commercial real estate marked buoyant expansion, trade and transport operator segments also witnessed higher credit growth. Credit growth in the retail segment accelerated to 21.9 per cent in September 2026, compared with 16.8% in September 2025. Within the retail sector, housing loans, loans against gold jewellery and vehicle loans witnessed accelerated credit growth.

The CNX Nifty ended at 25044.65, up by 58.25 points or 0.23% after trading in a range of 24838.75 and 25084.05. There were 21 stocks advancing against 28 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were State Bank Of India up by 2.56%, Trent up by 2.02%, Nestle India up by 1.91%, NTPC up by 1.87% and Larsen & Toubro up by 1.82%. On the flip side, Tata Steel down by 2.81%, HCL Technologies down by 2.43%, Ultratech Cement down by 1.79%, ITC down by 1.64% and Bajaj Finance down by 1.56% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 62.05 points or 0.58% to 10,735.99, Germany’s DAX gained 176.24 points or 0.68% to 25,996.60 and France’s CAC rose 22.6 points or 0.28% to 8,161.60.

Asian markets settled mostly higher on Monday as AI stocks rebounded from last week’s global sell-off which was triggered by regulatory fears over data centers, energy use, and rising development costs. Sentiments improved further after US President Donald Trump stated that renewed US military strikes on Iran are highly unlikely as long as ongoing negotiations make progress toward an agreement on Iran's nuclear program and the reopening of the Strait of Hormuz. Meanwhile, investors braced for key US inflation readings and earnings from major AI firms, including CoreWeave, Cisco and Applied Materials, due later in the week. Chinese markets gained after the release of October inflation data and a renewed pledge from Beijing to stabilize capital markets. Japanese market rallied, bouncing back sharply after a heavy technology sell-off pushed benchmark indices into a technical bear market late last week. However, South Korea’s Kospi declined amid market jitters surrounding Nvidia Corp after the company announced an internal investigation into allegations that CEO Jensen Huang was targeted by a suspected Chinese spy. The stock markets of Singapore and Malaysia were closed today in observance of the Deepavali (Diwali) public holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,660.79

11.62

0.32

Hang Seng

24,448.95

-32.91

-0.13

Jakarta Composite

5,073.77

23.34

0.46

KLSE Composite

--

--

--

Nikkei 225

58,775.50

1,340.73

2.33

Straits Times

--

--

--

KOSPI Composite

5,018.85

-40.84

-0.81

Taiwan Weighted

41,661.70

1,960.06

4.94
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