Benchmark indices opened in positive territory on Monday morning, with the rising 213.53 points or 0.25 per cent to 84,776.31 from its previous close of 84,562.78, while the gained 54.35 points or 0.21 per cent to trade at 25,964.40 against Friday’s close of 25,910.05. The Sensex opened at 84,700.50, and the Nifty opened at 25,948.20, reflecting cautiously optimistic sentiment amid mixed global cues.
emerged as the top gainer on the Nifty50, surging 1.57 per cent to ₹2,112.30 from its previous close of ₹2,079.70, with the stock touching a high of ₹2,112.60. followed with a gain of 1.38 per cent to ₹8,965.00 from ₹8,843.00, while advanced 1.21 per cent to ₹819.10 from ₹809.30. gained 0.85 per cent to ₹7,483.50 from ₹7,420.50, and Tata Consumer Products rose 0.82 per cent to ₹1,167.30 from ₹1,157.80.
On the losing side, Tata Motors Passenger Vehicles emerged as the biggest decliner, plunging 4.54 per cent to ₹373.45 from ₹391.20. dropped 0.79 per cent to ₹5,862.00 from ₹5,908.50, while slipped 0.60 per cent to ₹11,803.00 from ₹11,874.00. Wipro declined 0.48 per cent to ₹243.20 from ₹244.37, and Infosys fell 0.44 per cent to ₹1,496.20 from ₹1,502.80.
Market focus remains firmly on Bank Nifty, which continues to trade near its all-time high. “Today’s market tone will once again depend on Bank Nifty, which remains just below its all-time high,” said Ponmudi R, CEO of Enrich Money. “A breakout or brief consolidation at these levels will be key in shaping momentum for the broader market, including the Nifty 50.”
The banking index is positioned at a critical juncture. “A convincing breakout above the 58,600 horizontal resistance — which also aligns with a notable double-top formation — could open the door for a measured rally toward 58,800 and 59,200,” Ponmudi added. The Sensex appears well-placed to reattempt its all-time high of 85,978 in the near term, with immediate support between 84,400 and 84,000.
Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlighted improving earnings trends. “Q2 results declared so far indicate an uptrend in earnings growth. Net profits have grown by 10.8 per cent, which is the best in the last six quarters,” he said. “The present trends in consumption indicate that earnings will further improve in Q3. Discretionary consumption, particularly automobiles, will lead earnings growth in Q3.”
However, foreign institutional investors continue to weigh on market sentiment. “A sustained uptrend in the market and new record highs have not been happening since FIIs continued selling on all rallies,” Vijayakumar noted. “A change in FII strategy is necessary for the market to break into new record highs and remain there.”
FIIs sold equities worth ₹4,968 crore on November 14, extending their selling streak for a fifth straight session, while domestic institutional investors remained strong buyers, adding ₹8,461 crore during the same session. For November so far, FIIs have offloaded ₹13,652.70 crore.
Prashanth Tapse, Senior VP (Research) at Mehta Equities, attributed the recent rally to multiple factors. “Nifty capped the week with firm, decisive gains, extending its winning streak to five sessions while Bank Nifty rose for the sixth straight day, reflecting a clear return of optimism fuelled by the NDA’s Bihar victory, softer inflation at 0.25 per cent, hopes of a US–India trade deal, the end of the US shutdown and subdued crude prices,” he said.
Key sectors such as banking, technology, consumer and pharmaceuticals continue to reinforce the market’s internal strength. However, global headwinds persist, with sharp sell-offs in major US tech stocks, soft investment data from China, and weakness across European markets keeping global investors cautious.