Indian stocks extend rally to seventh session despite Nasdaq slump
Nifty 50 reclaimed 25,000 on strong bank gains and record foreign buying, even as Wall Street tech stocks sank. Source: Moody's, citing MarketSmith India.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Indian benchmark indices extended their winning streak to seven sessions, shrugging off a sharp selloff on Wall Street, where the Nasdaq fell 5.5% over worries about AI regulation and stretched tech valuations. The Nifty 50 rose 2.01% to close at 25,030.35, back above the 25,000 level, while the Sensex gained 2.17% to 81,028.02.
The Bank Nifty climbed 2.27%, led by ICICI Bank and Yes Bank. Support came from record foreign buying of nearly Rs.15,000 crore and a 0.6% gain in the rupee to 93.91 per dollar, even as Brent crude rebounded to around $97 a barrel. Mid- and small-cap stocks lagged, and market breadth stayed negative with 1,439 advancers against 2,141 decliners. According to Moody's, citing MarketSmith India.
why it matters
Foreign capital inflows and a rebound in banks are supporting the indices, but an overbought RSI and a rise in the India VIX volatility gauge point to possible near-term consolidation or profit booking. Moves in the rupee and oil also matter for importers and exporters.
market impact
Indian stocks: foreign inflows and banks support the indices, oil rebound is a watch point
- Nifty 50 pressure up — record foreign buying supports the market
- Indian rupee pressure up — capital inflows strengthen the currency against the dollar
instruments
sources
- Stock recommendations for 9 November from MarketSmith India — Moody's, 9 November 2026 at 03:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗