Indian Stock Indices Close Higher Amid Global Brokerage Optimism

The BSE Sensex and NSE Nifty 50 closed higher on Monday, November 9, 2026, following a volatile session characterized by profit-booking and intraday swings. The Sensex rose 107.25 points to settle at 81,106.65, while the Nifty 50 gained 58.25 points to finish at 25,044.65. Both indices experienced sharp early losses, with the Nifty briefly dipping below the 25,000 mark before a late recovery erased the declines.

Market gains were driven by strong performance in pharmaceutical stocks and PSU banks, with State Bank of India, Trent, and Nestle India emerging as top gainers. In contrast, the information technology and metal sectors faced selling pressure, with the Nifty IT index serving as the worst-performing sector. This consolidation follows a sharp rally of approximately 10.5% over the previous seven sessions and a symbolic Diwali Muhurat trading session on Sunday where benchmarks ended in the red for only the second time in a decade.

International brokerages remain bullish on the long-term outlook. Citi Research raised its Nifty target to 28,000 points by the end of 2027, while HSBC upgraded Indian equities to overweight, citing the market's diversification benefits compared to AI-dominated Asian markets. Foreign investors have infused over $4.1 billion into Indian equities in November. Investors are now monitoring crude oil prices and upcoming inflation data from India and the United States to determine future interest-rate trajectories.