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Sensex, Nifty end higher on Monday as PSU banks lead gains

Stock markets closed higher on Monday, November 9, 2026. Public sector bank shares led the rise, and the Nifty reached a nine-month high. IT and metal shares fell.

Joe and Jill Biden visit India (2013-07) 08
Representative photo: Joe and Jill Biden visit India (2013-07) 08. Photo: David Lienemann / Wikimedia Commons, Public domain

Indian stock markets closed higher on Monday, November 9, 2026.

The two main market indexes, the Sensex and the Nifty, both rose a little.

An index is a group of shares that shows how the market is moving. Government-owned banks did most of the lifting on Monday.

The Sensex rose 107 points, or 0.13%, to close at 81,106. The Nifty 50 gained 58 points, or 0.23%, to settle at 25,045.

The Nifty 50 tracks some of the biggest companies listed in India.

The Nifty reached its highest level in nine months. That is an important mark for investors who watch the market closely.

Key points

  • The Sensex closed at 81,106, up 107 points.
  • The Nifty 50 closed at 25,045, its highest in nine months.
  • Public sector bank shares rose about 3%.
  • IT and metal shares came under pressure.

Why did bank shares lead the rise?

The Nifty Bank index rose 891 points, or 1.5%, to 59,741. Public sector banks saw strong buying from investors.

Four government-owned banks, Bank of India, Bank of Baroda, Punjab National Bank and Union Bank of India, ended 4% to 5% higher.

State Bank of India was the top gainer in the Sensex, rising 2.43%.

Private banks HDFC Bank and ICICI Bank also helped support the market. Their gains added to the overall rise.

Which shares fell, and why?

IT and metal shares were the weak spots on Monday. The Nifty IT index fell 1.56%, while the Nifty Metal index slipped 0.49%.

HCL Technologies was the biggest loser in the Sensex, down 2.49%. Tata Steel and Infosys also fell.

The market had risen sharply last week. Some investors sold shares to take profits, which limited the gains on Monday.

The day was also volatile, with prices moving up and down.

What does this mean for ordinary investors?

If you hold shares or mutual funds, their value changes with the market every day.

A single good or bad day does not decide the long-term picture.

Nikhil Ranka, an equity expert at Nuvama Asset Management, expects the Nifty to move within a range of 24,500 to 25,200 for now.

He said investors may start picking individual stocks after that.


Sources

🕒 The story so far

  1. Nifty, Sensex post strongest weekly gains in over a year
  2. Sensex, Nifty end higher on Monday as PSU banks lead gains