Indices edge lower; breadth negative
Pharma, PSU Bank and media shares advanced while IT, realty and auto shares declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex declined 91.86 points or 0.11% to 80,960. The Nifty 50 index shed 28.60 points or 0.11% to 24,957.80.
In the broader market, the BSE 150 MidCap Index declined 0.25% and the BSE 250 SmallCap Index fell 0.27%.
The market breadth was negative. On the BSE, 1,306 shares rose and 1,694 shares fell. A total of 193 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 00.25 crore, while domestic institutional investors (DIIs) were net sellers of Rs 700.31 crore in the Indian equity market 8 November 2026, according to provisional data.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.67% to 7.217 compared with the previous session close of 7.192.
In the foreign exchange market, the rupee appreciated against the dollar. The partially convertible rupee was hovering at 93.6950 compared with its close of 93.9850 during the previous trading session.
MCX Gold futures for 4 December 2026 settlement rose 0.93% to Rs 1,43,919.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.74% to 102.30.
The United States 10-year bond yield rose 0.51% to 4.881.
In the commodities market, Brent crude for December 2026 settlement declined 28 cents or 0.28% to $98.04 a barrel.
Stocks in Spotlight:
Anupam Rasayan rose 0.81%. The company reported a 13.6% increase in consolidated net profit to Rs 50 crore in Q2 FY27, compared with Rs 44 crore in Q2 FY26. The company's revenue increased 10.3% to Rs 806 crore in Q2 FY27 from Rs 731 crore in Q2 FY26.
Siemens shed 0.85%. The company reported a 3.9% increase in consolidated net profit to Rs 504 crore in Q2 FY27, compared with Rs 485 crore in Q2 FY26. The company's revenue increased 17% to Rs 5,734 crore in Q2 FY27 from Rs 4,900 crore in Q2 FY26.
Global Market:
Dow futures rose 364 points, signalling a strong opening for US stocks.
Most Asian indices traded higher on Monday, 9 November 2026, as investors assessed the latest US market rebound, fresh economic data and the outlook for interest rates. Trading remained cautious following last week's sharp volatility in technology and semiconductor stocks. Investors also monitored developments in US-China trade relations and movements in crude oil prices.
China's inflation data released on Monday showed producer prices rising 5.7% year-on-year in October, accelerating from 5% in September. Consumer inflation slowed to 0.7% from 0.9%, while core inflation eased to 0.8% from 1%.
The data pointed to persistent cost pressures at the producer level, while subdued consumer demand continued to limit broader price increases.
US stocks ended mixed on Friday, 06 November 2026, as technology shares recovered from the previous session's sharp sell-off. The S&P 500 rose 0.31% to 7,376.86, while the Nasdaq Composite advanced 1.09% to 24,579.42. The Dow Jones Industrial Average declined 0.46% to 51,285.73.
Semiconductor and AI-related stocks led Friday's recovery. Advanced Micro Devices (AMD) surged around 11%, while Nvidia gained 2.8% and Micron Technology advanced 5.1%. Intel also climbed 7.7% as investors bought beaten-down technology stocks. IREN jumped 20% following stronger-than-expected revenue and growth in its AI cloud business.
Airbnb gained 11.7% after reporting stronger third-quarter demand and raising its full-year revenue growth outlook to the high teens. The company also lifted its adjusted EBITDA margin forecast to around 36%.
The US labour market delivered a stronger-than-expected performance in October. Non-farm payrolls increased by 165,000, against expectations of around 65,000. September's job additions were revised upwards to 60,000 from 29,000. The unemployment rate declined to 4.1% from 4.2%.
Average hourly earnings rose 0.4% month-on-month and 3.1% year-on-year. The stronger employment data reinforced expectations that the Federal Reserve could raise interest rates in December. Market-implied odds of a 25-basis-point increase rose to around 79%, compared with 71% a week earlier.
The next major US data release is the October consumer price index (CPI), scheduled for Tuesday, 10 November 2026. The reading will be important in assessing whether inflationary pressures could prompt further monetary tightening.
Brent crude futures declined in early Monday trading followed by comments from US President Donald Trump that fresh attacks on Iran were unlikely if negotiations to end the conflict continued.
Brent had fallen 17% last week, marking its steepest weekly decline since the start of the Covid-19 pandemic. However, reports of attacks on vessels near the Strait of Hormuz kept geopolitical risks in focus. Iraq also reached an understanding with the US to allow oil exports through the strait using a shipping lane near Oman.
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