The NIFTY 50's move in points by stock and sector, whether it was broad or narrow, and whether earnings or the P/E has been doing the work.
The NIFTY 50 lost 155.1 points (−0.61%). HDFC Bank took away the most, 25.8 points on a −1.0% move, while Bharti Airtel pulled the other way by 6.2 points. The move was broad-based: 38 of the 49 stocks moved the same way, and the five biggest contributors made up 36% of the points moved.
A stock's points are its weight in the index at the start of the day × its move × the index level. A ₹1 lakh crore company that rises 3% moves the index far more than a small one that rises 10%.
Weights: the Valuation Lab's weights for 13 Nov 2026. The stocks' points are scaled to add up exactly to the index's own move; before scaling, the weights reproduced 107% of it.
| Over | Index | Earnings | P/E | What drove it |
|---|---|---|---|---|
| 1 month | +10.66% | +4.83% | +5.56% | Mostly the P/E |
| 3 months | +2.90% | +3.55% | −0.63% | Earnings rose, the P/E fell |
| 6 months | +7.40% | +6.56% | +0.79% | Mostly earnings |
| 1 year | −1.37% | +7.25% | −8.03% | Earnings rose, the P/E fell |
An index level is its earnings × the P/E investors pay for them. So any move splits into two parts: earnings growing or shrinking, and the P/E rising or falling.
A rise built on earnings is the business growing into its price. A rise built on the P/E is investors paying more for the same earnings, which leaves less room if earnings disappoint.
Over the period shown, the index moved −1.37%: earnings +7.25% and the P/E −8.03%.
P/E is NSE's published figure for the NIFTY 50. For it measured five ways, see the Nifty P/E page.
| Session | NIFTY 50 | Points | Carried most by | Dragged most by | Stocks up | Average stock | Move |
|---|---|---|---|---|---|---|---|
| Fri 13 Nov | −0.61% | −155.1 | Bharti Airtel +6.2 | HDFC Bank −25.8 | 10/49 | −0.79% | Broad-based |
| Thu 12 Nov | +0.18% | +44.3 | ICICI Bank +39.5 | Mahindra & Mahindra −19.9 | 19/49 | −0.04% | Mixed |
| Wed 11 Nov | +0.84% | +210.4 | Mahindra & Mahindra +38.1 | ICICI Bank −27.9 | 36/49 | +0.85% | Broad-based |
| Mon 9 Nov | +0.06% | +14.3 | HDFC Bank +29.4 | Bharti Airtel −20.9 | 23/49 | −0.20% | Flat |
| Fri 6 Nov | +2.01% | +493.8 | ICICI Bank +110.1 | Eicher Motors −1.3 | 44/49 | +1.41% | Mixed |
| Thu 5 Nov | +2.40% | +576.0 | ICICI Bank +122.3 | Bharti Airtel −7.1 | 38/49 | +1.96% | Broad-based |
| Wed 4 Nov | +0.63% | +149.8 | HDFC Bank +36.3 | Infosys −13.8 | 35/49 | +0.95% | Broad-based |
| Tue 3 Nov | +1.58% | +370.1 | HDFC Bank +97.3 | State Bank of India −17.3 | 37/49 | +1.18% | Broad-based |
| Mon 2 Nov | +1.68% | +387.7 | Reliance Industries +182.9 | ICICI Bank −17.0 | 38/49 | +1.60% | Broad-based |
| Fri 30 Oct | +0.51% | +116.4 | HDFC Bank +38.1 | Mahindra & Mahindra −13.4 | 28/49 | +0.46% | Mixed |
| Thu 29 Oct | +1.05% | +237.9 | Kotak Mahindra Bank +31.1 | HDFC Bank −7.5 | 38/49 | +1.05% | Broad-based |
| Wed 28 Oct | −0.22% | −50.9 | Larsen & Toubro +34.4 | Reliance Industries −58.4 | 25/49 | +0.07% | Mixed |
| Tue 27 Oct | −0.02% | −3.5 | Bharti Airtel +39.0 | HDFC Bank −28.0 | 24/49 | +0.27% | Flat |
| Mon 26 Oct | +0.68% | +153.2 | JSW Steel +24.8 | Shriram Finance −19.9 | 36/49 | +0.76% | Broad-based |
| Fri 23 Oct | −0.39% | −87.7 | Eternal +11.8 | Shriram Finance −12.9 | 14/49 | −0.64% | Broad-based |
| Thu 22 Oct | −0.54% | −123.7 | ICICI Bank +22.0 | HDFC Bank −45.9 | 13/49 | −0.61% | Broad-based |
| Wed 21 Oct | −0.34% | −77.6 | Infosys +24.1 | Bajaj Finance −19.3 | 16/49 | −0.55% | Broad-based |
| Mon 19 Oct | −1.11% | −257.2 | State Bank of India +10.3 | HDFC Bank −58.9 | 9/49 | −0.93% | Broad-based |
| Fri 16 Oct | +0.65% | +148.8 | Infosys +35.2 | Reliance Industries −5.6 | 26/49 | +0.48% | Mixed |
| Thu 15 Oct | +1.66% | +374.7 | ICICI Bank +82.7 | Nestle India −15.3 | 41/49 | +0.93% | Mixed |
Broad-based: at least two thirds of the stocks moved the same way as the index, and the five biggest contributors carried under 55% of the points.
Narrow: the five biggest carried 60% or more while fewer than 60% of stocks joined in, or the average stock moved against the index.
A run of narrow up-days means a few heavyweights are carrying the index while most stocks are not.
Sentiment and money-flow readings from exchange and depository data, scored by published rules. Source: NSE, NSDL; analysis by FinMinutes. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security.