Mumbai, November 9, 2026 (Yes Punjab News)
Indian benchmark indices ended higher on Monday after a volatile, range-bound session, supported by strong buying in PSU banking and pharmaceutical stocks.
The 30-share BSE Sensex gained 107.25 points, or 0.13 per cent, to close at 81,106.65. The NSE Nifty advanced 58.25 points, or 0.23 per cent, to settle at 25,044.65.
Among Nifty constituents, State Bank of India (SBI), Trent and Nestle India were among the top gainers. The broader market also finished in positive territory, with the Nifty MidCap 100 rising 0.55 per cent and the Nifty SmallCap 100 adding 0.1 per cent.
Sectorally, the Nifty PSU Bank index surged more than 3 per cent, outperforming the broader market. The Nifty Bank, Nifty Pharma and Nifty Healthcare indices also closed higher. In contrast, the Nifty IT index was the worst-performing sector, while weakness in IT and metal stocks limited the benchmarks’ gains.
On the technical outlook, market experts identified 25,150–25,200 as the immediate resistance zone for the Nifty. A sustained move above this range could strengthen bullish momentum. On the downside, 24,800 remains an important support level, with a decisive break potentially triggering fresh selling pressure and profit-booking.
Analysts said intermittent profit-booking after the recent rally had capped gains during the session. Investors are now awaiting India and US inflation data for cues on the interest-rate outlook, while crude oil prices, global risk sentiment and institutional fund flows are expected to influence near-term market direction.
FOLLOW NOW
