Sensex and Nifty Rise on Lower Oil Prices and Bank Stock Buying

Indian stock markets recovered on Monday, November 9, 2026, driven by lower crude oil prices and strong buying in major bank and financial shares. The BSE Sensex rose 107.25 points, or 0.13%, to close at 81,106.65. During the trading day, it touched a high of 81,339.41 by gaining 340.01 points, or 0.41%. The NSE Nifty climbed 58.25 points, or 0.23%, to finish at 25,044.65.

Market Winners and Losers

State Bank of India, Trent, Larsen & Toubro, NTPC, HDFC Bank, and ICICI Bank led the gains among the 30 Sensex companies. On the other hand, HCL Tech, Tata Steel, UltraTech Cement, and Bajaj Finance ended the session as the major laggards. Global oil benchmark Brent crude fell 1.04% to trade at $97.46 per barrel.

Expert Commentary

Vinod Nair, who is the Head of Research at Geojit Investments Limited, noted that Indian equities moved in a tight range with a positive tilt as intermittent profit booking capped larger gains. He added that weakness in IT and metal shares also weighed on the main indices. However, he pointed out that better corporate earnings and higher foreign institutional investor participation have boosted market sentiment.

Prior Trading Sessions

Earlier, during the special Diwali Muhurat trading session for the new Hindu calendar year Samvat 2083 on Sunday, the indices had ended marginally lower due to profit-taking following a seven-day market rally. In that short session, the Sensex fell 28.62 points to 80,999.40, while the Nifty dropped 43.95 points to 24,986.40. Across the previous week, the BSE benchmark had soared 6,568.49 points, or 8.82%, and the Nifty had jumped 1,977.25 points, or 8.57%.

Context

Stock markets often fluctuate based on global commodity prices like crude oil and shifts in foreign investor participation. Special sessions like Muhurat trading are traditional events held during Diwali to mark the start of the financial year for traders.