NIFTY50 fails to sustain 25,000, SENSEX declines 260 points after positive open; IT stocks among top losers

After the opening bell, the NIFTY50 index failed to sustain its 25,000 levels, while the SENSEX declined more than 260 points during the early market hours on November 9.

NSE data showed that the NIFTY50 index opened 0.36% or 90 points higher at 25,076.40 points at 9:15 am (IST) on Monday’s market, in comparison to 24,986.40 points at the previous equity market close.

The BSE SENSEX index opened 0.40% or 327 points higher at 81,327.29 points on November 9, in comparison to 80,999.40 points at the previous stock market close, as per the exchange data.

At 9:36 am (IST), the NIFTY50 was trading 0.22% lower at 24,929.80 points on Monday’s market, while the BSE SENSEX was down 0.20%, trading at around 80,826 points on November 9.

Before the market opened, equity futures were indicating a potential for a positive performance for the trading session on Monday, as investors focused on the buying momentum from the Asian markets, while the sustainability of FII investments in Indian equities remained the underlying question after the foreign investors snapped their six-day buying streak on Muhurat Trading Day.

FIIs sold ₹25 lakh worth of capital market assets across the exchanges during the Muhurat Trading session, ending their six-day buying streak in Indian equities, while the selling streak of domestic investors was maintained for the seventh consecutive trading session on November 8.

As of November 8, NSDL data showed that FIIs have purchased a total of ₹38,971 crore worth of assets month-to-date under the equity segment in the Indian market.

On Monday, investors are expected to keep track of crude oil prices for any potential flare-up during the intraday session, while also monitoring developments in West Asia, as Trump said that there is high potential for no further attacks if the US-Iran negotiations progress towards an agreement.

Latest media reports showed that US President Donald Trump has said that renewed attacks or escalations on Iran are “highly unlikely” if the negotiations between both countries produce a strong agreement.

Trump is expected to speak to China President Xi Jinping and Russia’s Vladimir Putin next week at the APEC summit, where he is reportedly planning to discuss the “de-nuclearisation” and the Iran war.

Monday’s subdued performance of Indian equities comes as Asian markets and Wall Street recovered due to the value-buying sentiment in tech and AI stocks at lower prices after a multi-day selloff.

The US 10-year Treasury yields remained steady at 4.87% as of 8:59 pm (ET) on Sunday evening, after rising against the backdrop of a stronger-than-expected job market report citing 1,65,000 job growth in the American economy for October 2026.

Top gainers & losers today

Stocks like HCL Tech, TCS, Infosys, Power Grid Corp., Bharti Airtel, Hindalco, and Tata Steel were leading the pack of top losers on the NIFTY50 index as of the morning market hours on Monday.

HCL Tech was down 1.6%, TCS was down 1%, Infosys was down 1%, Power Grid Corp. was down 1.4%, Bharti Airtel was down 1.2%, Hindalco was down 1.2%, and Tata Steel declined 1.2%, as per NSE data.

Others like SBI, Apollo Hospitals, Dr Reddy’s, ICICI Bank, and HDFC Bank were among the top gainers.

As per the exchange data, SBI gained 1.8%, Apollo Hospitals gained 1%, Dr Reddy’s gained 1%, ICICI Bank gained 1%, and HDFC Bank gained 0.9% as of the morning trade.

Out of the 50 stocks listed on the NIFTY50 index, only 13 were trading in the green zone, while the remaining 37 stocks were down in the red on November 9.