Market Outlook for 09 November 2026 - NIFTY, BANK NIFTY, SENSEX and FINNIFTY

The NIFTY 50 advanced 493.75 points (+2.01%) to settle at 25,030.35, driven by broad-based buying across financial services, automobile, and consumer stocks. M&M (+5.11%) emerged as the top performer, followed by ICICIBANK (+4.75%), HDFCLIFE (+3.95%), HDFCBANK (+3.72%), and TITAN (+3.42%). AXISBANK (+3.35%), NTPC (+3.11%), SBILIFE (+2.82%), KOTAKBANK (+2.78%), and ADANIPORTS (+2.76%) also recorded strong gains. Conversely, TMPV (-0.58%) led the laggards, followed by EICHERMOT (-0.56%), SHRIRAMFIN (-0.30%), and GRASIM (-0.02%). Market breadth remained firmly positive, with 46 stocks advancing against 4 declining. 

The NIFTY 50 opened at 24,538.20, touched a low of 24,388.05, hit a high of 25,030.35, and closed at 25,030.35, up 493.75 points (+2.01%). The index extended its winning streak to a seventh consecutive session, driven by a surge in FII inflows as global investors rapidly reduce AI/Tech exposures. The RSI approached the 80 mark, indicating strong bullish momentum and nearing overbought territory. Near-term support levels are at 24,403/24,015, and resistance levels are at 25,658/26,046. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Nifty 50 Extends Gains As AI Unwind Intensifies

Bank Nifty Commentary for 09 November 2026

The NIFTY BANK registered a strong rally of 1,312.35 points (+2.27%) to settle at 59,086.00, as robust buying across major banking stocks supported the index. YESBANK (+5.91%) emerged as the top performer, followed by ICICIBANK (+4.75%), HDFCBANK (+3.72%), AXISBANK (+3.35%), and KOTAKBANK (+2.78%). SBIN (+1.20%), FEDERALBNK (+0.47%), PNB (+0.36%), BANKBARODA (+0.26%), and CANBK (+0.02%) also ended in positive territory. Conversely, AUBANK (-0.98%) led the laggards, followed by IDFCFIRSTB (-0.60%), UNIONBANK (-0.53%), and INDUSINDBK (-0.13%). Market breadth remained positive, with 10 stocks advancing against 4 declining. 

The NIFTY BANK opened at 57,812.90, touched a low of 57,320.80, hit a high of 59,086.00, and closed at 59,086.00, up 1,312.35 points (+2.27%). The index opened slightly higher, witnessed sustained buying throughout the session, and closed near its intraday high, supported by broad-based gains across banking constituents. The RSI hovered near the 70 mark, indicating strengthening upward momentum. Near-term support levels are at 57,797/57,000, and resistance levels are at 60,375/61,172.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES climbed 683.50 points (+2.57%) to close at 27,283.95, registering the strongest percentage gain among the four indices, amid widespread buying across banking, insurance, and financial services stocks. ICICIBANK (+4.75%) led the gainers, followed by HDFCLIFE (+3.95%), HDFCBANK (+3.72%), AXISBANK (+3.35%), and SBILIFE (+2.82%). KOTAKBANK (+2.78%), ICICIGI (+1.79%), BAJFINANCE (+1.66%), BAJAJFINSV (+1.62%), and CHOLAFIN (+1.42%) also posted notable gains. On the downside, SHRIRAMFIN (-0.30%) and PFC (-0.18%) were the only stocks to decline. Market breadth remained firmly positive, with 17 stocks advancing against 2 declining and 1 unchanged. Near-term support levels are at 26,559/26,110, and resistance levels are at 28,009/28,457. 

The BSE SENSEX surged 1,718.01 points (+2.17%) to finish at 81,028.02, with strong buying interest across banking, automobile, and metal stocks driving the benchmark higher. M&M (+6.15%) topped the gainers, followed by ICICIBANK (+4.65%), HDFCBANK (+3.56%), TITAN (+3.36%), and AXISBANK (+3.19%). KOTAKBANK (+2.68%), TATASTEEL (+2.20%), NTPC (+2.09%), ADANIPORTS (+2.09%), and SUNPHARMA (+1.90%) also registered strong gains. Conversely, POWERGRID (-0.57%) was the only stock to end in negative territory. Market breadth was overwhelmingly positive, with 29 stocks advancing against 1 declining. Near-term support levels are at 79,004/77,752, and resistance levels are at 83,052/84,304. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: