Stock Markets Dip In Early Trade As IT Firms Face Selling Pressure

Indian stock market benchmark indices Sensex and Nifty declined in early trade on Monday, November 9, 2026, due to selling in major IT firms and profit-taking following a recent sharp rally. The 30-share BSE Sensex fell 93.95 points to 80,919.19. At the same time, the 50-share NSE Nifty dipped 30 points to reach 24,968.80. Among the 30 Sensex firms, companies like HCL Tech, Infosys, Power Grid, Bharti Airtel, UltraTech Cement, and Tata Consultancy Services saw major losses. On the other hand, State Bank of India, HDFC Bank, ICICI Bank, and InterGlobe Aviation emerged as gainers.

Market Context

This dip follows a sharp weekly advance where the BSE benchmark surged 6,568.49 points, or 8.82 percent, and the Nifty jumped 1,977.25 points, or 8.57 percent. Ponmudi R, CEO of Enrich Money, noted that investors are weighing further gains against near-term profit-taking after a subdued Muhurat trading session. Market participants are also watching global concerns around the AI trade and waiting for Thursday's CPI data for market direction. Meanwhile, Brent crude traded slightly lower at 98.16 US dollars per barrel, while Asian markets and US equities mostly traded higher.

Context

Stock markets often see profit-taking periods after major multi-day rallies as investors choose to secure their recent financial gains. Major indices like the Sensex and Nifty track the overall health and performance of leading companies listed on India's primary stock exchanges.