Indian Markets Reverse Gains, Sensex Drops Over 93 Points
Indian equity markets reversed early gains on Monday, with the Sensex down 93.95 points and Nifty below 25,000. Major IT and infrastructure stocks led the decline.
The Cliff News | 9 November 2026
Indian equity markets reversed their initial positive trajectory on Monday, as the benchmark Sensex fell by 93.95 points to 80,919.19 in early trading. The Nifty also succumbed to selling pressure, dipping below the crucial 25,000 mark to trade at 24,968.80, down 30 points.
The session began on an optimistic note, with both indices opening in the green, a trend attributed to continued foreign institutional investor (FII) buying activity. However, the momentum failed to sustain, leading to a shift into negative territory.
Key Laggards Emerge in Early Trade
Several prominent constituents of the 30-share Sensex experienced significant declines. HCL Tech, Infosys, Power Grid, Bharti Airtel, UltraTech Cement, and Tata Consultancy Services were identified as major laggards, weighing heavily on the index performance.
Conversely, select banking and aviation stocks provided some support to the broader market. State Bank of India, HDFC Bank, ICICI Bank, and InterGlobe Aviation emerged as the prominent gainers during the early trading hours.
Market Sentiment Faces Test After Weekly Advance
Market analysts suggest that the reversal in fortunes comes after a robust weekly advance and a subdued Muhurat trading session. Investors are now likely evaluating the potential for further gains against the possibility of near-term profit-taking. The market is facing a critical test of its current momentum as it navigates this period.