After weeks of heavy selling, foreign investors finally turned buyers last week and gave the Indian market a big push. Today, Monday (9th November), was calmer. The indices ended just a little higher after a bumpy session. Here is the full story in simple words.
Last week: foreign money came back
For nearly 10 weeks, Foreign Institutional Investors (FIIs) kept selling Indian shares. That changed between 2 and 6 November, when they bought about ₹45,960 crore worth of equities. This was enough to cover everything they had sold in October.
Domestic Institutional Investors (DIIs) did the opposite. They sold about ₹24,197 crore of shares in the same week, mostly to book profits after the sharp rally.
FII and DII net flows, 2–6 November 2026
The result was one of the strongest weeks for the market in recent years. On Friday, the Sensex closed at 81,028.02 (up about 2.17%) and the Nifty 50 at 25,030.35 (up about 2.01%). Banks, good quarterly results, lower crude oil prices and better global mood all helped.
Today, 9 November: flat close, busy session
After such a big run, some cooling off was natural. The market swung up and down all day, but the bulls just about won. The Sensex closed at 81,106.65, up 107.25 points (0.13%), and the Nifty 50 ended at 25,044.65, up 58.25 points (0.23%).
Intraday range and closing level, 9 November 2026
The Sensex moved between 80,519 and 81,339 during the day. The Nifty ranged from 24,839 to 25,084. That is a wide swing for a day that finished almost unchanged.
Who led and who lagged
Public sector banks were the stars. State Bank of India rose 2.56% and was the biggest contributor to the Nifty. PNB and Bank of Baroda also did well. The Nifty Pharma index touched a fresh record high of 29,224.85 after strong quarterly results, and closed up 1.65%.
IT stocks were the weak spot. The Nifty IT index fell 1.22%, and HCL Technologies dropped 2.43%. Tata Steel was the biggest loser on the Nifty at 2.81% down.
Top five gainers and losers on the Nifty 50, 9 November 2026
Sector and broader-market performance, 9 November 2026
Under the surface, the mood was a bit cautious. Of 3,698 stocks traded on the NSE, 1,629 rose and 1,959 fell. Still, midcaps gained 0.55% and smallcaps 0.10%. The India VIX, the market's fear gauge, cooled 5.79% to 17.36, which means investors were a little less nervous than before.
The FII question
During the special Muhurat Trading session on Sunday, 8 November, FIIs were marginal sellers, which ended their six-day buying streak. DIIs stayed net sellers for the seventh session in a row. Falling crude oil (as low as $96 a barrel today) and a strong day in Asian markets, with Japan's Nikkei up 2.32%, kept sentiment positive.
What to watch next
- FII activity: If foreign buying continues, it can support the market further. If it stops, the rally may lose steam.
- Quarterly results: Earnings will show whether current prices are backed by real business growth.
- Crude oil: Cheaper oil is good for India because we import most of our crude.
- Global cues: US interest rates, inflation and world events can change foreign investors' mood quickly.
The bottom line
One strong week of foreign buying is a good sign, not a guarantee. Today's flat close shows the market is catching its breath after a sharp climb, and some profit booking is normal. The trend looks encouraging, but it is smarter to focus on company fundamentals than to chase momentum.
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