Stock market recap: As the week began, markets emerged from a phase of measured consolidation with volatility building beneath the surface. The gradual swings of the previous series gave way to stronger directional conviction, driving a sharp rally from the opening session.
On Monday, Sensex climbed 107.25 point to settle at 81,106.65, while the Nifty rose 58.25 points, or 0.23 per cent, to close at 25,044.65.
On 9 November, Indian equity markets extended their winning streak, although gains were modest compared with the sharp rally of the previous week. The Nifty 50 rose 58.25 points to close at 25,044.65, holding above the crucial 25,000 mark, while the Sensex gained 107.25 points to settle at 81,106.65, its highest closing level in more than eight months.
The session remained volatile, with investors booking profits after a seven-session rally. However, buying in banking and select heavyweight stocks helped the benchmarks recover from intraday lows and end in positive territory.
Banking stocks led the gains, with PSU banks significantly outperforming the broader market. The Nifty PSU Bank index surged nearly 3.7%, while the Bank Nifty advanced around 1.5%, supported by gains in SBI, HDFC Bank, ICICI Bank and other financial stocks. Pharma stocks also attracted buying interest, while IT and metal stocks faced profit-booking. HCL Technologies, Infosys, Tech Mahindra and Tata Steel were among the key laggards.