Sensex Gains 107 Points to 81,107 and Nifty Ends at 25,045, Highest Close Since Feb. 27, as PSU Banks Rally

India’s benchmark indices closed higher on Monday, Nov. 9, 2026, extending a seven-session rally to their highest closing levels since Feb. 27, as a decline in crude oil prices and buying in public-sector banks offset weakness in information technology and metal shares. Trading was volatile through the session, with both indices recovering from early selling.

Closing levels

The 30-share BSE Sensex rose 107.25 points, or 0.13%, to settle at 81,106.65, according to The Hindu, citing the Press Trust of India. During the day the Sensex climbed as much as 340.01 points, or 0.41%, to 81,339.41. The 50-share NSE Nifty gained 58.25 points, or 0.23%, to close at 25,044.65. Reuters, carried by Business Recorder, said both closes were the highest since Feb. 27, 2026.

The Economic Times reported that the Nifty recovered from an intraday low of 24,839 and reclaimed the psychologically important 25,000 mark. Business Standard said that in the closing auction session the Sensex was up 65.28 points at 81,064.68 and the Nifty up 17.25 points at 25,003.65 before the final closing figures were set.

The session followed a special 70-minute Diwali Muhurat trading window on Sunday, when the Sensex ended 28.62 points lower at 80,999.40 and the Nifty 43.95 points lower at 24,986.40 amid profit-taking after the seven-day rally, The Hindu reported.

Sector and stock moves

Among Sensex constituents, State Bank of India, Trent, Larsen & Toubro, NTPC, HDFC Bank and ICICI Bank were the major gainers, while HCL Technologies, Tata Steel, UltraTech Cement and Bajaj Finance were among the main laggards, according to PTI. Business Standard listed SBI, Trent and Nestle India as the top Nifty 50 gainers.

The Nifty PSU Bank index rose more than 3% according to Business Standard, and nearly 4% according to The Economic Times, making it the best-performing sector gauge. The Nifty Pharma index climbed around 2%, while Nifty Bank and Nifty Healthcare also outperformed. The Nifty IT index declined by more than 1%, the Economic Times said, and was the biggest sectoral loser.

Broader indices were higher: the Nifty Midcap 100 rose 0.55% and the Nifty Smallcap 100 gained 0.10%. Market breadth, however, was negative. Of 3,698 stocks traded, 1,959 declined, 1,629 advanced and 110 were unchanged, according to the Economic Times.

Crude oil and global cues

Brent crude declined about 1% to roughly $97.46 a barrel, PTI said. Reuters attributed the move to U.S. President Donald Trump’s statement that he was highly unlikely to order fresh attacks on Iran while talks to end the conflict progress. Reuters said the benchmarks had surged about 10.5% over seven sessions through Friday, their longest winning streak this year, driven by strong foreign inflows, falling oil prices and an unwinding of the global AI trade.

On global markets, PTI noted U.S. equities ended mostly higher on Friday. The NDTV market report said the Nasdaq rose 1.09% and the S&P 500 added 0.31% while the Dow fell 0.46%, with the U.S. 10-year yield near 4.86%. Asian markets were mostly higher on Monday, with Japan’s Nikkei 225, South Korea’s KOSPI and Hong Kong’s Hang Seng all advancing.

Weekly performance and analyst commentary

Last week the Sensex soared 6,568.49 points, or 8.82%, and the Nifty jumped 1,977.25 points, or 8.57%, according to PTI. Reuters reported that global brokerages have added support: Citi raised its end-2027 Nifty target to 28,000, implying about 12% upside from the index’s last close, and HSBC upgraded India to “overweight” from “neutral.”

Vinod Nair, head of research at Geojit Investments, said Indian equities traded range-bound with a positive bias as intermittent profit booking following the recent rally capped gains, and that weakness in IT and metal stocks weighed on the benchmarks. He said improving foreign institutional investor participation and better-than-expected corporate earnings have strengthened expectations of an upgrade to the FY27 earnings outlook.

On the technical side, Ponmudi R, CEO of Enrich Money, told the Economic Times that immediate resistance for the Nifty lies in the 25,150–25,200 zone and immediate support at 24,800. The Nifty’s Relative Strength Index stood at 77.88, which he described as overbought territory, pointing to the possibility of intermittent consolidation or profit-booking.

Market holiday

Reuters said Indian markets will be closed on Tuesday for Diwali and reopen on Wednesday. This article reports market data and attributed commentary and does not constitute investment advice.