Evening Close · Tuesday, 10 November 2026

Banks lifted the Nifty while most of its stocks fell

The index gained 0.23%, but 29 stocks fell against 21 that rose. State-run 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 that move carried the index while more stocks fell than rose.

Nifty IT fell 1.22%, the weakest of the indices tracked today. Banks against IT is the split that defined the session.

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

Under the surface, 29 Nifty stocks closed lower and 21 closed higher. A small index gain with more decliners than advancers means a handful of large stocks did the work.

Nifty Midcap 100 rose 0.55%, so the broader market was not uniformly weak. Nifty Smallcap 250 slipped 0.1%.

The top gainers were SBIN at 2.56%, TRENT at 2.02%, NESTLEIND at 1.91%, NTPC at 1.87% and LT at 1.82%. The biggest losers were TATASTEEL at 2.81%, HCLTECH at 2.43%, ULTRACEMCO at 1.79%, ITC at 1.64% and BAJFINANCE at 1.56%.

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 into state-run banks and healthcare. PSU Bank gained 3.73%, Midsmall Healthcare rose 1.71% and Pharma rose 1.65%.

It rotated out of cement and IT. The Cement Index fell 1.42%, IT fell 1.22% and Midsmall IT & Telecom fell 1%. The gap between PSU Bank and Cement is wide, which shows how selective the day was.

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 named three conditions: FIIs turning net buyers in the cash market, more than half of the Nifty 500 closing higher, and India VIX closing lower than the day before. Each is not known yet.

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

Queued for tomorrow

Two board meetings are queued for Wednesday, 11 November: Hindustan Copper Ltd. and Triveni Turbine Ltd.

Antala Industries lists on the SME platform, with an issue price band of 62–66.

·Antala Industries (SME) IPO lists
·2 results board meetings: Hindustan Copper Ltd., Triveni Turbine Ltd.