Sensex Nifty fall November 9 2026 as IT stocks drop amid profit booking

Sensex Nifty fall November 9 2026 as IT stocks drop amid profit booking

Deck: On Monday, the Sensex and Nifty reversed early gains to trade lower as investors engaged in profit booking following a 10.5 percent rally. Heavy selling in IT shares further pressured the benchmark indices.

Quick Summary

• Sensex and Nifty traded lower on Monday after reversing early morning gains.
• Key reason: Profit booking after a seven-session rally and selling in the IT sector.
• Impact: Sensex fell 402.01 points while the Nifty IT index dropped 1.3 percent.
• Market reaction: Broader indices like the Nifty Midcap 100 declined by 0.12 percent.

At a Glance

• The Move: On Monday, the Sensex fell 402.01 points to 80,597.39, while the Nifty dropped 141.80 points to 24,844.60.
• Main Trigger: Profit booking after a 10.5 percent seven-day rally and concerns over a US Senate bill affecting IT firms.
• Next Watchpoint: Domestic CPI data scheduled for release this Thursday will provide a directional cue for equities.

What Happened?

Sensex Nifty fall November 9 2026 occurred as the benchmark indices gave up early morning gains. By 10:45 am, the Sensex had declined by 402.01 points or 0.5 percent, while the Nifty fell 141.80 points or 0.57 percent to 24,844.60. This reversal saw the Sensex fall 750 pts from its intraday high of 81,339.41. Hindalco shares also recorded a decline during the Monday session.

Earlier on Monday, the Sensex had risen 340.01 points or 0.41 percent, and the Nifty climbed 97.65 points or 0.39 per cent to 25,084.05. This volatility followed a marginal decline during Sunday’s special Muhurat trading session marking the start of Samvat 2083, where the Sensex settled at 80,999.40 and the Nifty closed at 24,986.40.

Why Did It Happen?

The primary factor behind the decline was profit booking at higher levels. Investors sought to lock in gains after the indices surged 10.5 percent over seven consecutive sessions leading up to Friday, marking the longest winning streak of the year. This previous rally was supported by foreign fund inflows, easing crude oil prices, and the unwinding of the global AI trade.

Additionally, the IT sector faced significant pressure following reports of a bipartisan US Senate bill. According to The Verge, this legislation aims to fast-track the expansion of AI data centres and power infrastructure in the US. The news raised concerns that faster US infrastructure growth could intensify competition for Indian firms in AI-led technology services and data centre-related work. Consequently, the Nifty IT index declined 1.3 percent, with Mphasis falling around 3 percent and other majors like HCL Technologies, Infosys, Coforge, and TCS dropping between 1 percent and 2 percent.

What Does It Mean for Markets?

The market sentiment appeared subdued on Monday as the Sensex and Nifty traded lower. The Nifty Smallcap 100 and Nifty Midcap 100 also slipped by 0.11 percent and 0.12 percent, respectively. While most sectors struggled, the Nifty Pharma index rose 1.6 percent, supported by Divi’s Laboratories, which gained 4.6 percent following a 64 percent year-on-year increase in quarterly profit. This followed a 7.5 percent rise for the drugmaker during Sunday’s Muhurat session.

Technically, analysts have identified a downside marker between 24,860 and 24,775. If the Nifty stays above this range, it may attempt to reach the 25,400 to 25,700 band. However, an inability to float above 24,775 could call for a move toward 24,400. The market is currently weighing the scope for further gains against lingering global concerns surrounding the AI trade.

What to Watch Next

• CPI Data: The release of domestic consumer price index data on Thursday is the next significant directional cue for domestic equities.
• US Legislation: A potential vote on the US Senate bill regarding AI data centres could take place as early as next week, impacting the IT sector.
• Momentum Test: Investors will monitor whether underlying buying interest can sustain the recent advance or if near-term profit-taking will continue.

FAQs

1. Why did the Sensex Nifty fall November 9 2026?
The indices declined primarily due to profit booking by investors following a sharp 10.5 percent rally over the previous seven sessions. Additionally, sharp selling pressure in IT shares contributed to the downward movement.

2. What are the key factors behind the selling pressure in Indian IT shares?
Selling was triggered by reports of a bipartisan US Senate bill that could fast-track AI data centre expansion in the US. This raised concerns about increased competition for Indian firms in AI-led technology services and data centre-related work.

3. How did Divi’s Laboratories perform after its quarterly results?
Divi’s Laboratories shares gained 4.6 percent on Monday. This followed a 7.5 percent rise on Sunday after the company reported a 64 percent year-on-year increase in quarterly profit.

4. What is the Nifty downside marker according to technical analysts?
Technical analysts have placed the immediate downside marker between 24,860 and 24,775. If the index fails to stay above 24,775, it could decline toward the 24,400 level.

5. How did the market perform during the Samvat 2083 Muhurat trading session?
On Sunday, the Sensex declined 28.62 points or 0.04 percent to settle at 80,999.40, while the Nifty fell 43.95 points or 0.18 percent to close at 24,986.40.

6. Which IT stocks led the losses in the Nifty IT index?
Mphasis led the losses with a decline of around 3 percent. Other major companies including HCL Technologies, Infosys, Coforge, and TCS fell between 1 percent and 2 percent.

7. When is the domestic CPI data scheduled for release?
The domestic consumer price index (CPI) data is scheduled for release this Thursday.

Source Note and Disclaimer

This article is based strictly on a report regarding market movements on Monday, November 09, 2026, including data from the Sunday Muhurat session. This content is for informational and educational purposes only and does not constitute SEBI-registered investment advice or a recommendation to buy or sell any security. Users should check with certified experts before taking any investment decisions.