Stock markets decline in early trade dragged by IT firms
Indian stock markets experienced a decline in early trading as investors engaged in profit-taking following a recent rally. The downturn was led by losses in major IT firms, while banking stocks showed resilience.
Why it matters
Market volatility reflects investor sentiment regarding upcoming economic data and the sustainability of recent equity gains.
Mumbai Stock market benchmark indices Sensex and Nifty declined in early trade on Monday (November 9, 2026) amid selling in blue-chip IT firms and profit-taking after the recent sharp rally in equities. The 30-share BSE Sensex declined 93.95 points to 80,919.19 in early trade. The 50-share NSE Nifty dipped 30 points to 24,968.80. In the 30 Sensex firms, HCL Tech, Infosys, Power Grid, Bharti Airtel, UltraTech Cement and Tata Consultancy Services were among the major laggards. State Bank of India, HDFC Bank, ICICI Bank and InterGlobe Aviation were the winners. "After a sharp weekly advance and a subdued Muhurat trading session, the market enters the new week facing a key test of momentum, with investors likely to weigh the scope for further gains against the prospect of near-term profit-taking.
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