Stock market declines after initial gains, Sensex falls 150 points; Nifty slips below 25,000

November 9, 2026

New Delhi: Indian stock markets opened with a positive trend on Monday, but the initial gains were short-lived. Both major indices opened with gains on the first trading day of the week amid buying by foreign institutional investors (FIIs), but later fell. The Sensex fell nearly 150 points, while the Nifty slipped below the 25,000 level.

The Nifty 50 opened with a gain of 90 points, or 0.36 percent, at 25,076.40. Meanwhile, the BSE Sensex rose 327.89 points, or 0.40 percent, to 81,327.29. However, both indices soon began trading in the red.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said that several positive developments both domestically and globally have supported the recent market rally.

He explained that aggressive buying by foreign investors, fair valuations of stocks, a slowdown in AI trading, a decline in crude oil prices, a decline in US bond yields, and improved earnings from companies in the second quarter have fueled the market rally.

He added that fears of a decline in investment in the AI ​​sector and a decline in the shares of related companies following the Democratic victory in the US elections also contributed to the rally in the Indian market.

Vijayakumar said that foreign institutional investors are likely to continue buying in India, which could lead to further gains in the shares of large companies.

Most sectors except the IT sector are up

Despite a decline in the major market indices, most sectoral indices on the NSE opened with gains. Only the Nifty IT index declined by 0.38 percent.

Meanwhile, Nifty PSU Bank rose 0.60 percent and Nifty Private Bank rose 0.62 percent. Nifty Auto rose 0.10 percent, Nifty Metal rose 0.26 percent, and Nifty FMCG rose 0.10 percent. Nifty Media and Nifty Realty also gained 0.08 percent.

In the broader market, Nifty 100 rose 0.33 percent and Nifty Midcap 100 rose 0.06 percent, while Nifty Smallcap 100 fell 0.08 percent.

Gold and silver prices rise, crude oil falls

In the commodity market, Brent crude prices fell 0.10 percent to $98.22 per barrel. On the other hand, gold prices rose by about 0.9 percent, and 24-carat gold reached Rs 1,43,880 per 10 grams. Silver prices also rose by 1.76 percent to ₹1,88,350 per kilogram.

Asian markets also rose

Asian stock markets saw gains in most markets on Monday. Japan’s Nikkei 225 index jumped more than 3.2 percent to 59,302. Taiwan’s weighted index was trading at 41,941, up a massive 5.66 percent.

South Korea’s KOSPI rose 1.62 percent to 5,146, and Hong Kong’s Hang Seng rose 0.05 percent to 24,492. However, Singapore’s Straits Times fell 2.26 percent to 5,179.