Sensex Falls 141 Points, Nifty 50 Slips Below 24,950 as Investors Assess U.S.-Iran Talks

Market Update at 02:20 PM: The benchmark indices traded in a narrow range on Monday, swinging between gains and losses as investors assessed developments surrounding the U.S.-Iran talks.

As of 2:00 PM, the BSE Sensex declined 141.40 points, or 0.17 per cent, to 80,858, while the Nifty 50 fell 54.80 points, or 0.22 per cent, to 24,945.55.

Among the Nifty 50 constituents, HCLTech, Bharti Airtel and Infosys were the Top Losers, weighing on the benchmark index.

In the broader markets, the Nifty MidCap 100 declined 0.4 per cent, while the Nifty SmallCap 100 registered a sharper fall of 0.64 per cent.

On the sectoral front, the Nifty Pharma index emerged as the top gainer, while the Nifty IT index recorded the steepest decline.

Market Update at 12:10: The benchmark indices traded in a narrow range and swung between gains and losses as investors assessed developments surrounding the U.S.-Iran talks.

As of 12 PM, the BSE Sensex declined 58.50 points, or 0.07 per cent, to 80,940.90, while the Nifty 50 fell 18.55 points, or 0.07 per cent, to 24,967.85. HCLTech, Bharti Airtel and Infosys were the top losers in the Nifty 50 index.

In the broader markets, the Nifty MidCap 100 declined 0.4 per cent, while the Nifty SmallCap 100 fell 0.64 per cent.

Among sectoral indices, the Nifty Pharma emerged as the top gainer, while the Nifty IT index recorded the steepest decline.

Market Update at 09:30 AM: The Indian benchmark indices were trading in a narrow range in early morning deals as traders assessed developments in the U.S.-Iran talks.

As of 9:20 AM, the BSE Sensex declined 179.75 points or 0.22 per cent to 80,819.65, while the NSE Nifty 50 fell 68.80 points or 0.28 per cent to 24,917.60.

HCLTech, Bharti Airtel and Infosys were among the top losers in the Nifty 50 index.

In the broader markets, the Nifty MidCap 100 declined 0.4 per cent, while the Nifty SmallCap 100 fell 0.64 per cent, indicating weakness across Mid-Cap and Small-Cap stocks.

Pre-Market Update at 7:40 AM: GIFT Nifty was trading at 25,029.50 at 7:01 AM IST on November 9, 2026, up 43.10 points from the previous Nifty 50 close. The indication points to a mildly positive start for domestic equities after the benchmark index ended marginally lower during the Muhurat trading session.

The opening setup comes amid mixed global signals. Technology-led gains lifted U.S. benchmarks, while Asian markets traded on a mixed note. Crude oil prices eased in early trade, although renewed concerns surrounding Saudi energy infrastructure could keep oil-supply risks in focus.

U.S. non-farm payrolls increased by 165,000 in October, exceeding the Reuters poll estimate of 65,000, while the unemployment rate declined to 4.1 per cent. The stronger-than-expected employment data strengthened expectations of a December U.S. Federal Reserve rate increase, with the probability reportedly placed near 80 per cent. Higher interest-rate expectations could influence global bond yields, emerging-market risk appetite, foreign institutional flows and the Indian rupee. A stronger dollar environment could also remain relevant for Indian IT services exporters.

Geopolitical developments in Saudi Arabia are another factor to monitor. An administrative Aramco building in Riyadh was damaged by falling debris after Saudi forces intercepted missiles directed towards the city. Saudi authorities reported no injuries or fatalities and said the damage was limited, while the coalition confirmed the interception of two missiles. These developments follow renewed attacks on Saudi energy infrastructure and could add a geopolitical risk premium to crude oil prices. Higher crude prices could affect India's oil import bill, inflation and oil-marketing margins, while upstream energy companies may benefit comparatively if crude prices strengthen.

Domestic pharmaceutical stocks could also remain in focus as the National Pharmaceutical Pricing Authority's 30 per cent trade-margin cap on 137 non-scheduled oncology drugs takes effect from November 9. The regulation provides for a maximum 42.86 per cent mark-up at the price-to-stockist or price-to-distributor level. Pharmaceutical companies with exposure to the covered oncology products, along with hospitals and drug-distribution businesses, could be monitored for the impact on product realisations and channel margins.

Wall Street ended mixed in the previous session. The Nasdaq gained 1.09 per cent to close at 24,579.42, while the S&P 500 advanced 0.31 per cent to 7,376.86. However, the Dow Jones Industrial Average declined 0.46 per cent to settle at 51,285.73.

Asian markets presented a mixed picture in early trade. Japan's Nikkei advanced 2.37 per cent to 58,795.95, while Hong Kong's Hang Seng declined 1.27 per cent to 24,481.86. The Shanghai Composite was also trading lower, down 1.10 per cent at 3,649.18. European markets had ended the previous session in negative territory, with Germany's DAX falling 1.92 per cent, the FTSE 100 declining 1.01 per cent and France's CAC 40 losing 0.81 per cent.

In the commodities market, Brent crude was trading at USD 97.32 per barrel as of 7:02 AM IST on November 9, down 0.67 per cent. WTI crude declined 0.21 per cent to USD 90.94 per barrel. Although crude prices eased in the latest session, developments surrounding Saudi Arabia's energy infrastructure keep supply-related concerns relevant for Indian markets. Elevated crude prices could increase import costs and put pressure on sectors such as aviation, Logistics, paints and oil marketing.

Gold gained 0.87 per cent to USD 4,104.91, while silver advanced 1.98 per cent to USD 52.93. The Dollar Index declined 0.15 per cent to 102.14. The Indian rupee remained unchanged at Rs 93.90 against the U.S. dollar. Meanwhile, the U.S. 10-year Treasury yield stood at 4.87 per cent, up 0.005 percentage points. Movements in U.S. bond yields will remain important amid stronger-than-expected employment data and renewed expectations of tighter monetary policy.

Institutional activity remained another factor to monitor. Foreign institutional investors were marginal net sellers of Rs 0.25 crore on November 7, while domestic institutional investors recorded net selling of Rs 700.31 crore. India VIX increased 5.5 per cent to 18.43 in the previous session, indicating higher expected market volatility. According to the available market report, the volatility index closed at its highest level since May 20.

In the previous session, the Nifty 50 ended the November 8 Muhurat trading session at 24,986.40, declining 43.95 points or 0.18 per cent. The index moved between an Intraday high of 25,131.85 and a low of 24,985.30. The Sensex closed at 80,999.40, down 28.62 points or 0.04 per cent. It recorded an intraday high of 81,442.11 and a low of 80,932.42.

Among stocks to watch, Siemens reported a 4.78 per cent year-on-year increase in consolidated profit after Tax to Rs 504 crore in Q2 FY27. Revenue increased to Rs 5,734 crore from Rs 4,900 crore, while new orders rose 38 per cent to Rs 6,228 crore. The company's management flagged commodity-price and foreign-exchange volatility in material costs.

Tata Steel reported a 16.2 per cent year-on-year increase in consolidated profit after tax to Rs 3,699.59 crore in Q2 FY27, while revenue rose 11.5 per cent to Rs 65,436.24 crore. Consolidated EBITDA stood at Rs 10,665 crore. In India, crude-steel production increased 7 per cent quarter-on-quarter to 6.18 million tonnes, while deliveries rose 16 per cent quarter-on-quarter to 5.98 million tonnes.

Divi's Laboratories posted a 63.6 per cent year-on-year increase in consolidated profit after tax to Rs 1,127 crore for the September quarter. Revenue from operations increased 35.4 per cent to Rs 3,676 crore, while total income stood at Rs 3,770 crore.

Websol Energy System reported a 73.2 per cent year-on-year increase in profit after tax to Rs 80.21 crore, while revenue surged 114.6 per cent to Rs 361.02 crore. Its Order Book stood at Rs 1,280 crore as of September 30. The company has secured 54.20 acres at Falta for its proposed 4-GW Solar-cell facility. Additionally, its board has approved entry into EPC, solar independent power producer (IPP) and energy-trading businesses.

Bharat Heavy Electricals received an order worth Rs 600 crore to Rs 900 crore from Power Grid Corporation of India, through its project special-purpose vehicle, for two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC terminal. The contract adds to the company's transmission-grid equipment pipeline.

Bharat Electronics secured additional orders worth Rs 909 crore since October 21. The orders cover stabilised optronic pedestals, communication equipment, navigation systems, night-vision devices, software, upgrades, spares and services.

Waaree Renewable Technologies secured a work order to execute engineering, procurement and Construction (EPC) works for a 285-MWp solar-power project. The order adds to the company's utility-scale solar project pipeline.

Disclaimer: The article is for informational purposes only and not investment advice.

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