Markets Shut for Diwali After Nifty Tops 25,000, So What Happens on Wednesday?
Markets Shut for Diwali After Nifty Tops 25,000, So What Happens on Wednesday?
Dailyfinancial.in Holiday Edition | Tuesday, 10 November 2026 | Indian data as of market close, 9 November; global cues as of Tuesday morning IST
Quick Summary: Where Dalal Street Stands on Diwali Holiday
- BSE Sensex: 81,106.65, up 107.25 points (+0.13%) on 9 November, an eight-month closing high
- NSE Nifty 50: 25,044.65, up 58.25 points (+0.23%), back above 25,000
- Nifty Bank: 59,741.25, up 890.60 points (+1.51%)
- India VIX: 17.36, down 5.79%
- FII / DII (NSE provisional, 9 Nov): FIIs net bought ₹7,212 crore; DIIs net sold ₹7,173 crore
- Top sector: Nifty PSU Bank +3.73% to 8,905.35
₹53,172 crore. That is how much foreign investors have poured into Indian shares in just six November sessions, and it has lifted the Nifty 8.6% this month to an eight-month high above 25,000. Today the bell stays silent: NSE and BSE are shut for Diwali Balipratipada, and trading resumes on Wednesday, 11 November.
So what should you do with a day off in the middle of the strongest rally since 2021? This Indian stock market today holiday edition explains what happened in the Muhurat session and on Monday, why it happened, and what to watch next. Inside are verified closing data, the India GDP growth, CPI inflation and RBI repo rate backdrop, a point-wise Nifty map, the September 2026 record, sector performance India 2026, sixteen stock screens and three portfolios.
Sensex, Nifty 50 and Bank Nifty: How Did Samvat 2083 Begin for Dalal Street?
Did the Diwali rally run out of steam? Not quite. The seven-session streak snapped in Sunday’s Muhurat session, but Monday’s recovery pushed both benchmarks to eight-month closing highs.
| Index | Close (9 Nov) | Change (pts) | Change % | Intraday Markers (9 Nov) |
|---|---|---|---|---|
| BSE Sensex | 81,106.65 | +107.25 | +0.13% | Open 80,939, Low 80,519.31, High 81,339.41 |
| NSE Nifty 50 | 25,044.65 | +58.25 | +0.23% | Open 25,076.40, Low 24,838.75, High 25,084.05 |
| Nifty Bank | 59,741.25 | +890.60 | +1.51% | Support 59,200, resistance 60,000 (Liquide) |
| Nifty Midcap 100 | 61,022.55 | +333.80 | +0.55% | Steady broader buying |
| Nifty Smallcap 100 | 19,185.05 | +19.17 | +0.10% | Lagged the benchmarks |
Sources: NSE and BSE closing data via DSIJ, 5paisa, HDFC Sky, Liquide and The Week; midcap and smallcap points derived.
How the Diwali Week Unfolded
| Session | Sensex Close | Sensex Change | Nifty Close | Nifty Change |
|---|---|---|---|---|
| Thu 5 Nov | 79,310.01 | +2.60% | 24,536.60 | +2.40% |
| Fri 6 Nov | 81,028.02 | +2.17% | 25,030.35 | +2.01% |
| Sun 8 Nov (Muhurat) | 80,999.40 | −0.04% | 24,986.40 | −0.18% |
| Mon 9 Nov | 81,106.65 | +0.13% | 25,044.65 | +0.23% |
Sources: Multibagg AI, Business Today, Analytics Insight and DSIJ. The 5 November Sensex close is derived.
Breadth, Volatility and Money Flow
- NSE breadth (9 Nov): 1,629 advances, 1,959 declines and 110 unchanged.
- New highs and lows: 79 stocks hit 52-week highs and 38 hit lows.
- India VIX: fell 5.79% to 17.36.
- Market capitalisation: NSE-listed firms were worth about ₹502.21 lakh crore, per Newsage.
- FII and DII flows: FIIs bought ₹7,212 crore and DIIs sold ₹7,173 crore on 9 November.
- Rupee: ended at 93.93 per dollar.
Investor Sentiment and Expert Commentary
Ajit Mishra of Religare Broking said the Nifty must hold 24,600 to 24,800 to keep its positive bias and sees potential towards 25,200 to 25,600. He favours banking, pharma, auto and infrastructure.
Vinod Nair of Geojit Investments described a range-bound market with a positive bias, citing FII buying, strong earnings and softer crude. Our read: buy dips rather than chase, given narrow breadth.
India GDP Growth, CPI Inflation and RBI Repo Rate: Does the Macro Story Justify 25,000?
GDP Growth Trajectory: The Earnings Engine Behind the Rally
India’s real GDP grew 7.8% in April to June 2026 (Q1 FY27), per MoSPI’s release of 31 August 2026. The July to September estimate is due on 30 November.
What this means for markets: Strong growth is showing up in Q2 profits at Titan, ONGC and M&M.
CPI Inflation Trend: Can Oil Below $93 Cool Prices?
Retail inflation on the 2024-base CPI series was 5.54% in September 2026, up from 4.83% in August, per MoSPI, with food inflation at 7.74%. The October reading is due on Thursday, 12 November.
What this means for markets: A softer October print would ease rate-hike fears; a hot one could stall the rally in banks and NBFCs.
RBI Monetary Policy and the Current Repo Rate
The repo rate stands at 5.50% after the MPC’s 25 basis point hike on 7 October 2026, its first since February 2023. The next meeting runs from 2 to 4 December. India’s 10-year bond yield eased to 7.181% on 9 November from 7.195%.
What this means for markets: Falling bond yields and a firmer rupee reduce the odds of another hike, supporting rate-sensitive stocks.
Unemployment Data (PLFS): Is Hiring Keeping Pace?
Unemployment for persons aged 15 and above was 5.0% in September 2026, per MoSPI’s PLFS.
What this means for markets: Stable employment supports festive demand for jewellery, autos and consumer goods.
Nifty Today: 12 Levels to Map Before Wednesday’s Reopening
With no session today, these levels come from Monday’s NSE data and our calculations.
- Open (9 Nov): 25,076.40, about 90 points above the Muhurat close of 24,986.40.
- High: 25,084.05.
- Low: 24,838.75.
- Close: 25,044.65, up 58.25 points or 0.23%; up 8.64% month to date.
- Pivot point (classic): 24,989.15.
- Resistance: R1 25,139.55, then 25,200 and R2 25,234.45.
- Support: S1 24,894.25, 24,800 and S2 24,743.85.
- Put-Call Ratio: 1.07 for the 9 November weekly expiry, per Quantsapp.
- Maximum open interest: calls at 26,000 (1.55 crore) and puts at 25,000 (1.78 crore) for the expired 9 November series; max pain sat at 25,000.
- Candlestick pattern: a small body near the top with a long lower shadow, a hanging-man shape.
- Trend verdict: bullish but stretched; a hanging man needs a weak next session to confirm.
- Outlook: GIFT Nifty ended Monday’s trade at 25,058, signalling a flat start. Holding 24,989 keeps 25,200 in play; a break below 24,838 would confirm the hanging man.
BSE Sensex vs Nifty 50 in September 2026: From Worst Month to Best Week in Five Years?
How fast has September’s slide reversed? MTD returns are measured from the 31 August closes of 24,080.40 (Nifty) and 76,957.27 (Sensex).
| Date (2026) | Nifty 50 Close | Nifty Day % | Nifty MTD % | Sensex Close | Sensex Day % | Sensex MTD % |
|---|---|---|---|---|---|---|
| 1 Sep | 24,055.80 | −0.10% | −0.10% | 76,944.28 | −0.02% | −0.02% |
| 2 Sep | 23,914.45 | −0.59% | −0.69% | 76,570.35 | −0.49% | −0.50% |
| 3 Sep | 23,873.45 | −0.17% | −0.86% | 76,152.86 | −0.55% | −1.05% |
| 4 Sep | 23,897.70 | +0.10% | −0.76% | 76,515.43 | +0.48% | −0.57% |
| 7 Sep | 23,779.15 | −0.50% | −1.25% | 76,132.81 | −0.50% | −1.07% |
| 8 Sep | 23,635.10 | −0.61% | −1.85% | 75,577.58 | −0.73% | −1.79% |
| 9 Sep | 23,431.50 | −0.86% | −2.69% | 74,764.23 | −1.08% | −2.85% |
| 10 Sep | 23,477.80 | +0.20% | −2.50% | 74,902.59 | +0.19% | −2.67% |
| 11 Sep | 23,398.10 | −0.34% | −2.83% | 74,781.76 | −0.16% | −2.83% |
| 15 Sep | 23,118.60 | −1.19% | −3.99% | 74,003.82 | −1.04% | −3.84% |
| 16 Sep | 23,217.60 | +0.43% | −3.58% | 74,336.45 | +0.45% | −3.41% |
| 17 Sep | 23,270.60 | +0.23% | −3.36% | 74,314.59 | −0.03% | −3.43% |
| 18 Sep | 23,346.40 | +0.33% | −3.05% | 74,294.96 | −0.03% | −3.46% |
| 21 Sep | 23,414.30 | +0.29% | −2.77% | 74,858.99 | +0.76% | −2.73% |
| 22 Sep | 23,329.00 | −0.36% | −3.12% | 74,529.08 | −0.44% | −3.16% |
| 23 Sep | 23,446.80 | +0.50% | −2.63% | 74,828.25 | +0.40% | −2.77% |
| 24 Sep | 23,063.10 | −1.64% | −4.22% | 73,580.54 | −1.67% | −4.39% |
| 25 Sep | 23,140.50 | +0.34% | −3.90% | 73,895.74 | +0.43% | −3.98% |
| 28 Sep | 22,780.25 | −1.56% | −5.40% | 72,771.72 | −1.52% | −5.44% |
| 29 Sep | 22,716.20 | −0.28% | −5.67% | 72,529.07 | −0.33% | −5.75% |
| 30 Sep | 22,620.45 | −0.42% | −6.06% | 72,480.29 | −0.07% | −5.82% |
Sources: NSE end-of-day data via NexImpera; BSE Sensex history via Investing.com. Markets were shut on 14 September.
September ended with the Nifty down 6.06% and the Sensex down 5.82%, the Nifty falling on 13 of 21 sessions.
Since 30 September, the Nifty has gained 10.72% and the Sensex 11.90%. Both now sit above their 31 August levels, by 4.00% and 5.39% respectively, so September’s loss has been fully recovered.
Latest Market News: 8 Headlines to Read Before Wednesday’s Open
1. Markets Closed Today; Muhurat Session Ends Flat
- What happened: NSE and BSE are shut on 10 November for Diwali Balipratipada. In Sunday’s Muhurat session, the Sensex slipped 28.62 points and the Nifty 43.95 points.
- Immediate market impact: The pause comes after the best week since February 2021, with the Nifty up 8.58% and the Sensex 8.82%.
- Stocks and sectors in focus: Commodity derivatives reopen at 5 pm.
2. Trump Signals No New Iran Strikes; Brent Slides to $92.57
- What happened: Oil fell about 5.8% on Monday after President Trump said fresh strikes on Iran were unlikely while talks continue.
- Immediate market impact: Cheaper crude eases India’s import bill and inflation.
- Stocks and sectors in focus: Oil marketers, airlines, paints and tyres.
3. Wall Street’s Tech Rebound Lifts Asia
- What happened: The Nasdaq jumped 2.74% and chip stocks nearly 7% on 9 November. KOSPI opened 5.55% higher on Tuesday and the Nikkei 3.05%.
- Immediate market impact: This should ease pressure on Indian IT.
- Stocks and sectors in focus: TCS, Infosys, HCL Tech and Tech Mahindra.
4. FIIs Pour ₹53,172 Crore Into Indian Stocks in Six Sessions
- What happened: Per NSE provisional data, FIIs bought every November session.
- Immediate market impact: DIIs sold ₹31,369 crore in the same period.
- Stocks and sectors in focus: HDFC Bank, ICICI Bank and SBI led foreign buying.
5. Titan, ONGC, Hindalco and Divi’s Deliver Big Q2 Numbers
- What happened: Titan’s profit more than doubled to ₹2,393 crore; ONGC’s standalone profit rose 57.3% with an ₹8 dividend; Hindalco’s PAT rose 59%; Divi’s rose 64% to ₹1,127 crore.
- Immediate market impact: Divi’s crossed ₹3 lakh crore in market value.
- Stocks and sectors in focus: Titan, ONGC, Hindalco and Divi’s Laboratories.
6. PSU Banks Surge 3.73%
- What happened: Union Bank rose 5.60%, PNB 5.27%, Bank of India 4.53%, Bank of Baroda 4.46% and SBI 2.56% on 9 November.
- Immediate market impact: The rotation pushed Nifty Bank up 1.51% to 59,741.25.
- Stocks and sectors in focus: SBI, PNB, Bank of Baroda and Canara Bank.
7. Inflation Week: US CPI Today, India CPI on Thursday
- What happened: US October CPI is due on 10 November US time, and India’s October CPI on 12 November.
- Immediate market impact: Hot readings could revive rate-hike fears.
- Stocks and sectors in focus: Banks, NBFCs, realty and IT.
8. $35 Billion of Lock-In Expiries Ahead; Tata Motors Nears Full Iveco Control
- What happened: About $35 billion of shares at 116 firms become free to trade between 9 November and 26 February 2027, per Kotak Neo.
- Immediate market impact: Lock-in expiries can add supply in new-age stocks.
- Stocks and sectors in focus: Recent IPOs, Tata Motors and auto ancillaries.
Global Cues: Which Foreign Indices Will Shape Wednesday’s Open?
Is the world still risk-on while India is closed? Yes.
| Index | Level | Change % | Session |
|---|---|---|---|
| Dow Jones | 52,389.75 | +2.15% | 9 Nov close |
| S&P 500 | 7,549.94 | +2.35% | 9 Nov close |
| Nasdaq Composite | 25,253.14 | +2.74% | 9 Nov close |
| GIFT Nifty | 25,058.00 | +0.27% | 9 Nov, NSE IX session |
| Nikkei 225 | 60,557.56 | +3.05% | 10 Nov opening trade |
| Hang Seng | 24,448.95 | −0.13% | 9 Nov close |
| Shanghai Composite | 3,660.79 | +0.32% | 9 Nov close |
| KOSPI | 5,297.59 | +5.55% | 10 Nov opening trade |
| FTSE 100 | 10,788.40 | +1.07% | 9 Nov close |
| DAX | 26,282.55 | +1.89% | 9 Nov close |
| CAC 40 | 8,233.30 | +1.16% | 9 Nov close |
Sources: Pomegra and Motley Fool (US), HDFC Sky (GIFT Nifty, Hang Seng, Shanghai), TradingKey (Nikkei, KOSPI) and ChainCatcher (Europe).
| Indicator | Level | Change | Session |
|---|---|---|---|
| US Dollar Index | 102.14 | −0.15% | 9 Nov, 7 am IST |
| US 10-year Treasury yield | 4.87% | +1 bp | 9 Nov close |
| Brent crude | $92.57 per barrel | −5.80% | 9 Nov |
| Gold (spot) | $4,130.29 per ounce | −0.20% | 10 Nov morning |
| USD/INR | 93.93 | Rupee -2 paise | 9 Nov close |
How Each Global Cue Feeds Into Indian Stocks
- US indices: a 2% to 3% rebound after last week’s AI sell-off reduces pressure on Indian IT.
- GIFT Nifty: a 25,058 print points to a flat start on Wednesday.
- Nikkei and KOSPI: chip-led gains help tech sentiment.
- Europe: strong closes support exporters.
- Dollar and yields: a steady dollar and 4.87% US yield keep FII flows supportive.
- Brent: oil near $92 is the single biggest macro positive for India.
Performance Overview: 16 Screens of Top NSE and BSE Stocks for the Week Ahead
Prices are 9 November closes unless marked otherwise. Research ideas, not calls.
Daily Fresh Breakouts: Who Broke Out on Monday?
Screen: a one-session move above resistance on volume far above the recent average.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Repco Home Finance | 384.45 | +11.24% | Volume 66.27x one-week average | Housing-finance breakout |
| KPI Green Energy | 330.40 | +8.27% | 403.01 lakh shares, 64.27x average | Renewables momentum |
| IRM Energy | 262.20 | +8.28% | Volume 98.52x one-week average | Gas-distribution breakout |
| State Bank of India | 1,042.00 | +2.56% | Added 23.56 Nifty points | Led the PSU Bank surge |
| Divi’s Laboratories (intraday high) | 11,818.00 | +7.00% | Record high; PAT +64% | Market value above ₹3 lakh crore |
Weekly Breakouts: Who Led the Best Week Since 2021?
Screen: top Nifty performers for 2 to 6 November.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Shriram Finance (6 Nov close) | 961.15 | +16.76% (week) | Top Nifty weekly gainer | Lower yields lift NBFCs |
| Bajaj Finance (6 Nov close) | 1,087.80 | +15.83% (week) | Second-best weekly gainer | Rate-sensitive rerating |
| Mahindra & Mahindra (6 Nov close) | 3,287.20 | +15.73% (week) | Q2 profit +25% to ₹4,588 crore | Earnings-led breakout |
| HDFC Bank | 798.15 | +1.79% | Added 47.26 Nifty points | Largest FII buying target |
| ICICI Bank | 1,589.00 | +1.53% | Added 37.71 Nifty points | Above its earlier ₹1,480 high |
Oversold Stocks: Which Laggards Missed the Rally?
Screen: stocks at 52-week lows or falling while the Nifty rises.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| PI Industries (intraday low) | 1,708.00 | −2.47% | 52-week low; down 54.16% in a year | Earnings under pressure |
| HCL Technologies | 1,407.00 | −2.43% | Second-worst Nifty stock | AI automation fears |
| Infosys | 1,154.10 | −1.49% | Cut 13.54 Nifty points | IT selling on 9 Nov |
| Power Grid | 257.95 | −1.30% | Worst Nifty weekly performer (-1.92%) | Utility laggard |
| Tech Mahindra | 1,805.00 | −1.36% | IT index -1.22% | Sector-wide pressure |
Stocks Nearing Breakout: Who Is Testing Record Highs?
Screen: stocks at or just below 52-week or record highs.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Mankind Pharma (intraday high) | 2,685.00 | +4.19% | 52-week high | Pharma index strength |
| Ather Energy (intraday high) | 1,866.25 | +2.08% | Record high; 1-year return 184.54% | EV registrations +75% in Oct |
| Dr. Reddy’s Laboratories | 1,385.00 | +1.09% | Pharma +1.65% on 9 Nov | Defensive leadership |
| Apollo Hospitals | 8,549.50 | +1.42% | Healthcare index +1.33% | Steady compounder |
| Maruti Suzuki | 12,928.00 | +0.88% | Auto index +0.30% | Cheaper fuel aids demand |
Short-Term Buys: Which Names Have Fresh Fuel for 2 to 6 Weeks?
Screen: liquid leaders with sector momentum, FII support or order wins.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| State Bank of India | 1,042.00 | +2.56% | Q2 profit +14.3% | PSU Bank leadership |
| ICICI Bank | 1,589.00 | +1.53% | FII favourite | Bank Nifty at eight-month high |
| Larsen & Toubro | 4,185.00 | +1.82% | Top Sensex gainer | Capex cycle |
| NTPC | 328.75 | +1.87% | Q2 profit ₹5,320 crore | Defensive momentum |
| Trent | 3,119.20 | +2.02% | Second-best Nifty gainer | Festive retail demand |
FII Holding Changes: Where Is Foreign Money Concentrated?
Screen: FII stake increases in the September quarter, plus top November FII targets.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| HDFC Bank | 798.15 | +1.79% | Top November FII target | Most liquid bank |
| ICICI Bank | 1,589.00 | +1.53% | Top November FII target | Earnings consistency |
| Samhi Hotels (2 Nov close) | 155.60 | +2.87% | FII 44.62% to 48.32% | Highest in four quarters |
| Capri Global Capital (2 Nov close) | 232.65 | +1.05% | FII 8.21% to 13.00% | Biggest FII jump of the quarter |
| Shyam Metalics (4 Nov intraday) | 1,256.90 | +3.23% | FII 2.97% to 5.29% | Bought despite September selling |
DII Holding Changes: Where Are Mutual Funds Adding?
Screen: changes in mutual fund or DII ownership in the September quarter.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Aegis Logistics (3 Nov close) | 1,180.25 | +7.20% | MF 3.29% to 3.59% | Up 4.6% again on 9 Nov |
| Bharat Forge (26 Oct close) | 1,709.70 | −0.09% | MF 20.74% to 21.57% | Funds building |
| Granules India (27 Oct close) | 830.55 | +1.22% | MF 3.45% to 4.18% | Pharma build-up |
| Samhi Hotels (2 Nov close) | 155.60 | +2.87% | DII 17.35% to 14.55% | DIIs trimmed as FIIs bought |
| Capri Global Capital (2 Nov close) | 232.65 | +1.05% | MF 7.06% to 6.81% | Foreign money replacing domestic |
Upcoming Dividends: Which Record Dates Are This Week?
Screen: declared dividends with record dates this week. Under T+1, buy by Wednesday 11 November for a 12 November record date.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Hindustan Unilever (3 Nov close) | 1,962.80 | +3.40% | ₹19; record date 12 Nov | Buy by 11 Nov |
| ONGC (3 Nov close) | 232.17 | −1.13% | ₹8 interim; record date 12 Nov | Q2 standalone profit +57.3% |
| TAAL Tech (3 Nov close) | 995.00 | +14.71% | ₹5; record date 13 Nov | Buy by 12 Nov |
Long-Term Buys: Which Blue-Chip Stock Picks Suit a 3-Year View?
Screen: durable franchises.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| HDFC Bank | 798.15 | +1.79% | Largest Nifty weight | FII re-entry |
| ICICI Bank | 1,589.00 | +1.53% | ROE 15.3% | Consistent compounder |
| Larsen & Toubro | 4,185.00 | +1.82% | Infrastructure leader | Order pipeline |
| State Bank of India | 1,042.00 | +2.56% | Q2 profit ₹23,038 crore | Low valuation |
| Maruti Suzuki | 12,928.00 | +0.88% | Passenger-car leader | Lower fuel costs |
High Dividend Yield Stocks: Who Pays You to Wait?
Screen: high trailing yields on Tickertape data (yields as of 3 November).
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| ITC | 278.80 | −1.64% | Yield 5.46% | ROE 28.9% |
| Coal India (4 Nov close) | 399.65 | −2.05% | Yield 6.50% | P/E 8.1 |
| Vedanta (3 Nov close) | 246.90 | +0.37% | Yield 13.79% | Payouts vary |
| Gujarat Pipavav Port (3 Nov close) | 163.33 | +0.52% | Yield 6.37% | ROE 21.8% |
| Power Grid | 257.95 | −1.30% | Regular PSU payer | Defensive utility |
Fundamentally Strong Stocks: Who Combines High ROE With Low Debt?
Screen: positive profit growth, high ROE and low or no debt.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| ITC | 278.80 | −1.64% | ROE 28.9% | Low-debt cash machine |
| Nestle India | 1,297.80 | +1.91% | High-ROE consumer franchise | Defensive buying |
| Divi’s Laboratories (intraday high) | 11,818.00 | +7.00% | Debt-free; EBITDA margin 42.6% | Q2 PAT +64% |
| Hindustan Zinc (3 Nov close) | 526.50 | +1.64% | ROE 76.9% | Low-cost producer |
| Castrol India (3 Nov close) | 194.01 | −1.26% | ROE 45.5% | Asset-light franchise |
Low Debt Mid Caps: Which Balance Sheets Shrug Off Higher Rates?
Screen: debt-free mid caps on Tickertape.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| HDFC Asset Management (3 Nov close) | 2,440.00 | +2.54% | ROE 32.9% | Capital-market tailwind |
| ICICI Lombard (3 Nov close) | 1,595.40 | +2.37% | ROE 17.8% | Debt-free insurer |
| General Insurance Corp (3 Nov close) | 318.95 | +0.62% | P/E 5.8 | Debt-free reinsurer |
Cash-Rich Small Caps: Hidden Balance-Sheet Strength?
Screen: low-debt small caps where cash or investments dominate the balance sheet.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| PC Jeweller (4 Nov close) | 15.81 | +7.48% | Repaid all 14 lender banks | Now debt-free |
| Tata Investment Corp (3 Nov close) | 552.90 | −3.23% | P/B 0.96 | Trades near book value |
| JSW Holdings (3 Nov close) | 10,863.00 | −3.37% | P/B 0.37 | Deep holding-company discount |
| New India Assurance (3 Nov close) | 156.47 | +1.05% | P/B 0.90 | Debt-free state insurer |
Volume Shockers: Where Did Traders Rush In on Monday?
Screen: volume many times the one-week average on 9 November, per HDFC Sky.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Mac Charles India | 651.00 | −2.81% | 175.65x average volume | Heavy churn |
| IRM Energy | 262.20 | +8.28% | 98.52x average volume | Breakout buying |
| Repco Home Finance | 384.45 | +11.24% | 66.27x average volume | Breakout buying |
| DS Kulkarni Developers | 41.80 | +1.98% | 64.89x average volume | Thin-float spike |
| KPI Green Energy | 330.40 | +8.27% | 64.27x average volume | Renewables rally |
52-Week Highs: Which Stocks Hit Fresh Peaks?
Screen: stocks at a 52-week or record high on 9 November.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| Divi’s Laboratories (intraday high) | 11,818.00 | +7.00% | Record high | Up 105% from April low |
| Mankind Pharma (intraday high) | 2,685.00 | +4.19% | 52-week low ₹1,909.90 | Pharma rally |
| Ather Energy (intraday high) | 1,866.25 | +2.08% | 52-week low ₹588.65 | EV leadership |
| ICICI Bank | 1,589.00 | +1.53% | Above prior ₹1,480 high | FII buying |
| HDFC Bank | 798.15 | +1.79% | Up 10% since 3 Nov | Banking leadership |
52-Week Lows: Bargains or Value Traps?
Screen: stocks at or near 52-week lows.
| Stock | CMP (₹) | Change % | Key Metric | Why It Qualifies |
|---|---|---|---|---|
| PI Industries (intraday low) | 1,708.00 | −2.47% | 52-week high ₹3,829.90 | Down 54.16% in a year |
| Swiggy (3 Nov close) | 176.72 | −0.57% | 52-week low ₹174.20 | Fell 2.2% more on 9 Nov |
| PB Fintech (3 Nov close) | 928.00 | −0.32% | 52-week low ₹920 | Down 53% from its high |
| REC (3 Nov close) | 284.50 | −0.84% | 52-week low ₹282.55 | P/E 4.6 |
| Embassy Office Parks REIT (3 Nov close) | 408.76 | −0.59% | Below prior ₹410 low | Yield 6.15% |
Sector Performance India 2026: Why Are PSU Banks and Pharma Suddenly Leading?
Which sectors are steering the rally now?
| Sectoral Index | Close | Day % (9 Nov) | November Signal | Latest Quarter Earnings Trend | Outlook |
|---|---|---|---|---|---|
| Nifty IT | 32,468.90 | −1.22% | Worst sector on 9 Nov and in Muhurat | Muted; AI automation worries | Cautious |
| Nifty Bank | 59,741.25 | +1.51% | +8.04% in week to 6 Nov | SBI +14.3%, Kotak +26% | Positive |
| Nifty PSU Bank | 8,905.35 | +3.73% | Best sector on 9 Nov | SBI profit ₹23,038 crore | Positive |
| Nifty Pharma | 28,896.10 | +1.65% | +1.70% in Muhurat too | Divi’s PAT +64% | Positive |
| Nifty FMCG | 46,660.65 | −0.15% | +0.67% on 6 Nov | Britannia +10.2%, Dabur +11.7% | Neutral |
| Nifty Auto | 27,925.90 | +0.30% | M&M +15.73% in week | M&M profit +25% | Positive |
| Nifty Metal (5 Nov close) | 12,595.10 | −0.46% | Tata Steel -2.81% on 9 Nov | Hindalco PAT +59%, Tata Steel +16.2% | Neutral |
| Nifty Energy | 37,164.95 | +0.38% | Brent down to $92.57 | ONGC standalone PAT +57.3% | Mixed |
| Nifty Realty | 897.70 | +0.77% | -0.66% in Muhurat | Keystone profit near 10x | Positive if yields ease |
Closes and day changes per NSE data via Liquide, NewsBytes and DSIJ. Sector closes for 30 October were not available, so a November signal column replaces month-to-date.
Leaders: PSU banks, private banks and pharma now lead.
Laggards: IT keeps losing ground on AI disruption fears, while metals paused after a strong week.
Top 10 Gainers and Top 10 Losers in the Nifty 50: Who Won Monday?
Top 10 Nifty 50 Gainers on 9 November 2026
| Stock | Close ₹ | Change ₹ | Change % | Reason for Move |
|---|---|---|---|---|
| State Bank of India | 1,042.00 | +26.00 | +2.56% | PSU Bank rally |
| Trent | 3,119.20 | +61.70 | +2.02% | Festive retail demand |
| Nestle India | 1,297.80 | +24.30 | +1.91% | Defensive buying |
| NTPC | 328.75 | +6.05 | +1.87% | Power-sector buying |
| Larsen & Toubro | 4,185.00 | +75.00 | +1.82% | Capex optimism |
| HDFC Bank | 798.15 | +14.05 | +1.79% | FII inflows |
| ICICI Bank | 1,589.00 | +24.00 | +1.53% | FII inflows |
| Apollo Hospitals | 8,549.50 | +119.50 | +1.42% | Healthcare strength |
| Dr. Reddy’s Laboratories | 1,385.00 | +15.00 | +1.09% | Pharma rally |
| Maruti Suzuki | 12,928.00 | +113.00 | +0.88% | Cheaper fuel |
Top 10 Nifty 50 Losers on 9 November 2026
| Stock | Close ₹ | Change ₹ | Change % | Reason for Move |
|---|---|---|---|---|
| Tata Steel | 184.85 | −5.35 | −2.81% | Profit booking after five-day rally |
| HCL Technologies | 1,407.00 | −35.00 | −2.43% | IT sell-off |
| UltraTech Cement | 12,275.00 | −224.00 | −1.79% | Cyclical profit booking |
| ITC | 278.80 | −4.65 | −1.64% | FMCG weakness |
| Bajaj Finance | 1,064.85 | −16.90 | −1.56% | Profit booking after 15.8% week |
| Infosys | 1,154.10 | −17.50 | −1.49% | AI automation worries |
| Tech Mahindra | 1,805.00 | −24.90 | −1.36% | IT weakness |
| Power Grid | 257.95 | −3.40 | −1.30% | Utility laggard |
| Max Healthcare | 915.00 | −11.00 | −1.19% | Profit booking |
| Grasim Industries | 3,169.70 | −37.50 | −1.17% | Cement weakness |
Source: NSE closing data via HDFC Sky, Liquide and Upstox.
Stock Recommendations for Wednesday: 6 Setups After the Holiday
The blog’s own setups on 9 November closes; risk under 2% of capital per trade.
1. State Bank of India: PSU Bank Leader
- CMP: ₹1,042.00 (+2.56%)
- Trigger: PSU Bank index +3.73%, the day’s best sector
- Entry: ₹1,025 to ₹1,045 | Target: ₹1,100 | Stop loss: ₹1,000 | Time frame: 3 to 5 weeks
- Rationale: ₹23,038 crore Q2 profit.
- Key risk: a hot CPI print reviving rate fears.
2. ICICI Bank: FII Favourite at a New High
- CMP: ₹1,589.00 (+1.53%)
- Trigger: trading well above its earlier ₹1,480 high
- Entry: ₹1,570 to ₹1,592 | Target: ₹1,660 | Stop loss: ₹1,535 | Time frame: 3 to 4 weeks
- Rationale: top FII destination.
- Key risk: profit booking after a sharp run.
3. Dr. Reddy’s Laboratories: Pharma Rotation Play
- CMP: ₹1,385.00 (+1.09%)
- Trigger: Nifty Pharma up in both the Muhurat and Monday sessions
- Entry: ₹1,370 to ₹1,388 | Target: ₹1,450 | Stop loss: ₹1,340 | Time frame: 4 to 6 weeks
- Rationale: defensive growth.
- Key risk: US generic pricing pressure.
4. Larsen & Toubro: Capex Bellwether
- CMP: ₹4,185.00 (+1.82%)
- Trigger: top Sensex gainer as infrastructure buying returns
- Entry: ₹4,140 to ₹4,190 | Target: ₹4,400 | Stop loss: ₹4,060 | Time frame: 4 to 6 weeks
- Rationale: order inflows and FII interest.
- Key risk: execution delays.
5. NTPC: Steady Power Compounder
- CMP: ₹328.75 (+1.87%)
- Trigger: breakout after its 6 November dividend record date
- Entry: ₹324 to ₹330 | Target: ₹350 | Stop loss: ₹316 | Time frame: 4 to 8 weeks
- Rationale: Q2 profit ₹5,320 crore with steady payouts.
- Key risk: utilities lag in risk-on phases.
6. Maruti Suzuki: Cheaper Fuel, Festive Demand
- CMP: ₹12,928.00 (+0.88%)
- Trigger: Brent down to $92.57
- Entry: ₹12,800 to ₹12,950 | Target: ₹13,500 | Stop loss: ₹12,550 | Time frame: 4 to 6 weeks
- Rationale: lower running costs.
- Key risk: weak October passenger-vehicle volumes.
Portfolio Suggestions by Risk Appetite: Which Blend Fits a Market at 25,000?
Diversified starting points; rebalance quarterly.
Conservative Portfolio: Dividends and Durability
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| HDFC Bank | 20% | Private Banking | Top FII target |
| State Bank of India | 20% | PSU Banking | Q2 profit +14.3% |
| ONGC | 15% | Energy | Standalone PAT +57.3%; ₹8 dividend |
| NTPC | 15% | Power | Q2 profit ₹5,320 crore |
| Hindustan Unilever | 15% | FMCG | ₹19 dividend |
| ITC | 15% | FMCG | ROE 28.9% |
- Pros: liquid, dividend-paying leaders.
- Cons: trails in a momentum rally.
Moderate Portfolio: Growth With Guardrails
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| ICICI Bank | 15% | Private Banking | FII favourite |
| Titan Company | 15% | Consumer | Q2 profit ₹2,393 crore, up 114% |
| Mahindra & Mahindra | 15% | Auto | Q2 profit +25% |
| Larsen & Toubro | 15% | Infrastructure | Order pipeline |
| Bharti Airtel | 15% | Telecom | ARPU up to ₹271 |
| Dr. Reddy’s Laboratories | 15% | Pharma | Sector at 52-week high |
| Tata Steel | 10% | Metals | Q2 PAT +16.2% |
- Pros: broad earnings momentum.
- Cons: metals and autos are cyclical.
Aggressive Portfolio: High Growth, High Swings
| Stock | Allocation % | Sector | Recent Earnings Driver |
|---|---|---|---|
| Divi’s Laboratories | 20% | Pharma | PAT +64% |
| Hindalco Industries | 20% | Metals | PAT +59% |
| Websol Energy | 15% | Solar | PAT +73.2% |
| Ather Energy | 15% | EV | EV registrations +75% |
| Shriram Finance | 15% | NBFC | Top weekly Nifty gainer |
| Siemens | 15% | Capital Goods | New orders +38% |
- Pros: the fastest earnings and order growth.
- Cons: rich valuations; deep drawdowns possible.
Final Thought: Can the Diwali Rally Survive Inflation Week?
Key Takeaways
- Markets are shut today; trading resumes on Wednesday, 11 November.
- Nifty closed at 25,044.65, an eight-month high, up 8.64% in November.
- FIIs bought ₹53,172 crore in six sessions while DIIs sold ₹31,369 crore.
- US CPI today and India CPI on Thursday are the next tests.
Three unique insights: the Nifty has gained 10.72% since 30 September and erased September’s loss; FIIs have bought every session in November; and Monday’s breadth was negative despite the index gain.
On Wednesday, watch whether the Nifty holds its 24,989 pivot. A close above 25,140 opens 25,200 to 25,600; a break below 24,838 confirms a pause.
Frequently Asked Questions About the Indian Stock Market Today
Is the stock market open today, 10 November 2026?
No. NSE and BSE are closed on Tuesday, 10 November 2026, for Diwali Balipratipada. Equity, equity derivatives and securities lending are shut all day, while commodity derivatives reopen for an evening session from 5 pm. Regular equity trading resumes at 9.15 am on Wednesday, 11 November.
What happened in Muhurat trading 2026?
In the Muhurat session on Sunday, 8 November, the Sensex fell 28.62 points to 80,999.40 and the Nifty slipped 43.95 points to 24,986.40, ending a seven-session winning streak. Pharma and media stocks gained, while market breadth stayed positive with far more advancing stocks than declining ones.
Why did the Sensex and Nifty rise on 9 November 2026?
The Sensex gained 107.25 points and the Nifty 58.25 points as PSU banks surged 3.73% and FIIs bought ₹7,212 crore. Private banks and pharma also rose, offsetting a 1.22% fall in IT stocks. Both indices closed at their highest levels since 27 February 2026.
How will the market open on Wednesday, 11 November?
GIFT Nifty ended Monday’s trade at 25,058, close to the Nifty’s 25,044.65 close, pointing to a flat start. However, Wall Street rose over 2% later on Monday and Asian markets opened higher on Tuesday, which could lift sentiment before Wednesday’s open.
What is the current RBI repo rate in November 2026?
The RBI repo rate is 5.50%. The Monetary Policy Committee raised it by 25 basis points on 7 October 2026, its first hike since February 2023. The next policy meeting is scheduled for 2 to 4 December 2026, after October’s inflation and Q2 GDP data are released.
When is India’s October 2026 CPI inflation data released?
MoSPI is due to release October 2026 CPI inflation on Thursday, 12 November. September retail inflation was 5.54% on the 2024-base series, with food inflation at 7.74%. A sharp fall in crude oil prices in early November may help ease pressure in later months.
How much have FIIs invested in Indian stocks in November 2026?
Per NSE provisional data, FIIs bought a net ₹53,172 crore in the cash market across the six sessions from 2 to 9 November, buying every day. DIIs sold ₹31,369 crore over the same period. The single biggest day was 5 November, with FII purchases of ₹14,975 crore.
What are the Nifty support and resistance levels for Wednesday?
Based on 9 November data, the classic pivot is 24,989.15. Resistance sits near 25,140, 25,200 and 25,234, with Religare seeing scope to 25,600. Support lies near 24,894, 24,839 and 24,744, while Religare flags 24,600 to 24,800 as the zone to hold.
Disclaimer: This article is for educational and informational purposes only and is not investment advice or a recommendation to buy or sell any security. Market data is sourced from NSE, BSE, RBI, MoSPI and leading financial publications as of the times stated and may change. Stock market investments are subject to market risks. Please consult a SEBI-registered investment adviser before making any investment decision.
