Evening Close · Monday, 9 November 2026

Banks lifted the Nifty while most of its stocks fell

The index gained 0.23%, but more of its stocks fell than rose. Public sector banks did the heavy lifting, and IT and cement dragged.

FinMinutes Markets · built from exchange, depository and company data · every number checked against the day's facts

The day

The Nifty closed 0.23% higher, but the gain was narrow. Nifty Bank rose 1.51% and carried the index, while Nifty IT fell 1.22%.

A small index gain with a strong bank index underneath means the rest of the market was mostly soft.

Nifty Bank+1.51%

Nifty Midcap 100+0.55%

Nifty Smallcap 250−0.10%

The money

The full FII and DII figures →

Index against breadth

Only 21 index stocks rose and 29 fell, so the 0.23% gain came from a minority. SBIN led at 2.56%, followed by TRENT at 2.02%, NESTLEIND at 1.91%, NTPC at 1.87% and LT at 1.82%.

The weakest were TATASTEEL at -2.81%, HCLTECH at -2.43%, ULTRACEMCO at -1.79%, ITC at -1.64% and BAJFINANCE at -1.56%. Nifty Midcap 100 gained 0.55%, while Nifty Smallcap 250 slipped 0.1%, so the support did not reach the smallest stocks.

Nifty 50: best

State Bank of India+2.56%
Trent Ltd.+2.02%
Nestle India Ltd.+1.91%
NTPC Ltd.+1.87%
Larsen & Toubro Ltd.+1.82%

Nifty 50: worst

Tata Steel Ltd.−2.81%
HCL Technologies Ltd.−2.43%
UltraTech Cement Ltd.−1.79%
ITC Ltd.−1.64%
Bajaj Finance Ltd.−1.56%

Rotation

Money rotated towards state-owned banks and healthcare. PSU Bank rose 3.73%, the Midsmall Healthcare Index 1.71% and Pharma 1.65%.

It moved out of cement and IT. The Cement Index fell 1.42%, IT fell 1.22% and the Midsmall IT & Telecom Index fell 1%. HCLTECH's 2.43% drop sits inside the IT weakness, and ULTRACEMCO's 1.79% drop sits inside the cement weakness.

PSU Bank +3.73%Midsmall Healthcare Index +1.71%Pharma +1.65%·Cement Index −1.42%IT −1.22%Midsmall IT & Telecom Index −1.00%

This morning's brief, scored

This morning's brief set three conditions: more than half of the Nifty 500 closing higher, India VIX closing lower than the day before, and FIIs turning net buyers in the cash market. All three results are not known yet.

The index rise and the 21 to 29 split in Nifty stocks suggest the first condition should be read with care once the broader count arrives.

Not knownMore than half of the Nifty 500 closes higher
Not knownIndia VIX closes lower than the day before
Not knownFIIs turn net buyers in the cash market

Queued for tomorrow

Tuesday, 10 November has no board meetings, IPOs or scheduled events on the sheet. The weekly expiry is the one item queued.

·Weekly NIFTY expiry