Sensex and Nifty hit nine-month highs, but fewer stocks are rising
The Sensex closed at 81,106.65, up 0.13%, and the Nifty 50 at 25,044.65, up 0.23%, on 9 November 2026. Both were at their highest closing levels since 27 February 2026.
But the gains were not spread widely. On the NSE, 2,316 stocks fell while 1,922 rose, and 205 were unchanged, according to HDFC Sky. The Nifty Midcap 100 rose 0.6% and the Nifty Smallcap 100 rose 0.1%.
Sectors showed a split:
- Nifty PSU Bank rose 3.7%, the best performer.
- Nifty Pharma rose 1.6%.
- Bank Nifty rose 1.51%.
- Nifty IT fell 1.2%, the weakest.
- Metals fell 0.5%.
On the Nifty 50, State Bank of India (up 2.6%), Trent (up 2%) and NTPC (up 1.9%) gained the most. Tata Steel (down 2.8%), HCL Technologies (down 2.4%) and UltraTech Cement (down 1.8%) lost the most.
What "narrow breadth" means: when an index rises but more stocks fall than rise, a few large stocks are doing the lifting. Some investors read that as a sign of caution.
The India VIX, a measure of expected volatility, fell 5.8%. This article is for information and is not investment advice.