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Full issue · 2026-11-10

Market Pulse: 10 November 2026 - Pre-Market Update

Market snapshot

Nifty 5025,044.65+0.06%
Sensex81,106.65+0.10%
Bank Nifty59,741.25+1.11%

Previous close · 9 Nov 2026 · Nifty is trading at the 69th percentile of its range over the last 252 sessions.

In the previous session, the Indian markets saw a mixed performance with narrow market breadth as concerns over RBI's scrutiny of bank bond valuations weighed on financial stocks. This regulatory attention, which could affect billions in assets, underscored cautious sentiment in the banking sector. Meanwhile, PSU banks emerged as strong performers. Global cues, including falling oil prices and a positive sentiment shift from the S&P 500 rally, provided some counterbalance, particularly benefiting sectors like IT and consumer goods.

The big story

RBI said to query bank valuations of some bond derivative trades

RBI is questioning banks on bond derivative valuation practices.

News

India's consumer inflation for October is expected to approach the upper limit of the Reserve Bank of India's target range, driven by rising food costs, according to a Reuters poll.
India's outward investment stock has increased by 40.8%, reaching $178 trillion, as reported by Yahoo Finance.
ADNOC has signed a 10-year LNG supply agreement with India's Gujarat Energy, as reported by Yahoo Finance.
Coca-Cola India is progressing with its IPO plans, having submitted draft papers, according to Yahoo Finance.
Veritas Finance has received approval from SEBI to launch its public issue, with plans to use the proceeds to strengthen its capital base and support future lending operations.

Stocks Updates

Larsen & Toubro: secured an order from Noida Metro Rail Corporation Ltd for part design and construction of the Noida Metro Aqua Line Extension Project.
Adani Enterprises: completed the acquisition of 100% stake in Vizag Mega Data Center Park Limited by AdaniConneX Private Limited.
Gallantt Ispat: proposed acquisition of up to 80,00,000 equity shares from Mr. Dinesh R. Agarwal.
Nuvama Wealth Management: PAGAC Ecstasy Pte. Ltd. created encumbrances over an additional 3,50,74,460 equity shares.
Olectra Greentech: approved the sale of its 34% equity shareholding in Evey Trans (UJJ) Private Limited.
Shyam Metalics and Energy: reaffirmed credit ratings of ‘CRISIL AA+/Stable’ and ‘CRISIL A1+’; bank debt ratings enhanced to ₹4,500 crore.
Titan Company: fully redeemed commercial papers of ₹850 crore issued in September 2026.
Avenue Supermarts: repaid commercial papers amounting to ₹300 crore upon maturity on November 9, 2026.

FII / DII activity

FIISold ₹0.25 Cr
DIISold ₹700.31 Cr

FIIs sold ₹0.25 Cr, DIIs sold ₹700.31 Cr. Flows were routine in size. (as of 2026-11-08)

Market breadth

Nifty 500

Advances231
Declines266
A/D ratio0.87
AdvancesDeclines

Limited participation across Nifty 500

Sector performance

12 NSE sector indices, previous close

Pharma+3.42%
PSU Bank+3.40%
Bank+1.11%
Energy+0.81%
Media+0.48%
Auto+0.41%
Fin Services+0.37%
Infra+0.17%
Realty+0.11%
Metal-0.11%
FMCG-0.27%
IT-1.54%

Leaders: Pharma, PSU Bank · Laggards: IT, FMCG

Top gainers and losers

Gainers

DATAPATTNS₹4,025.00+8.67%
IREDA₹119.65+7.47%
UNIONBANK₹197.00+5.60%
PNB₹132.17+5.27%
BANKINDIA₹145.00+4.53%

Losers

JUBLFOOD₹428.50-4.99%
SYRMA₹1,462.00-2.86%
TATASTEEL₹184.85-2.81%
MPHASIS₹2,455.00-2.73%
BOSCHLTD₹49,550.00-2.46%

Commodities & forex

🪙 Gold (10g)₹1,43,106.00-0.04%
🥈 Silver (1kg)₹1,87,015.00-0.06%
USD/INR93.90-0.59%

Global cues

S&P 5007,549.94+2.35%
Nasdaq25,253.14+2.74%
S&P 500 futures7,574.25+2.33%
Nasdaq futures28,014.50+3.43%
S&P 500 futures rose as oil prices fell, while Nvidia shares declined amid concerns over CEO Jensen Huang's position, according to Bloomberg.
SoftBank Group shares surged 11% as Asian tech stocks rallied following a rebound on Wall Street, CNBC reported.
Treasury yields increased as investors awaited the release of October CPI and producer price data, CNBC noted.
The stock-market rally has been broadening beyond major tech companies, but upcoming October inflation data could challenge this trend, according to The Wall Street Journal.
The Trade Desk's stock jumped 21.8% after the company reported stronger-than-expected Q3 2026 earnings, Yahoo Finance reported.
Lucid missed Wall Street's earnings expectations and expanded its loan from the Saudi Arabia fund, CNBC reported.
Plug Power surprised investors with its Q3 2026 sales figures, Yahoo Finance noted.

Technical levels

Nifty support24,894.25 / 24,743.85
Nifty resistance25,139.55 / 25,234.45
Bank Nifty support59,165.65
Bank Nifty resistance60,029.05

Nifty is in sideways trend. Trading above 200 DMA indicates medium-term strength. Short-term trend is positive.

Corporate actions

Upcoming dividends

NBCC (India)
Interim dividend ₹0.25/sh · ex 11 Nov
Aurobindo Pharma
Interim dividend ₹7.00/sh · ex 11 Nov
Chambal Fertilizers & Chemicals
Interim dividend ₹5.00/sh · ex 11 Nov

Earnings calendar

Avanti Feeds Limited2026-11-10
Cochin Shipyard Limited2026-11-10
Kalyan Jewellers India Limited2026-11-10
MMTC Limited2026-11-10

Term of the day

NCDs

Non-Convertible Debentures are debt instruments that cannot be converted into equity shares.