Ahead of Market: 10 things that will decide stock market action on Monday

The Indian stock market slipped into the red on Sunday, Diwali, with Sensex and Nifty snapping a six-session long winning streak after erasing early gains during the special Muhurat Trading session.

Sensex and Nifty initially opened in the green on Sunday as investors made their first trades of the new Samvat 2083. However the benchmark indices soon erased all gains. Sensex fell 29 points to close at 80,999 while Nifty 50 dropped 44 points to end the session at 24,986, slipping below the crucial psychological mark of 25,000.

Also read | Sensex, Nifty end Muhurat Trading session in red for first time in 9 years. Are the bulls losing steam?


Here's how analysts read the market pulse

Analysts had warned of profit booking following the sharp spike this month so far. After such a sharp run, intermittent profit booking cannot be ruled out, but the near-term bias stays constructive, said Vinod Nair, Head of Research, Geojit Investments.

Osho Krishan, Chief Manager of Technical & Derivatives Research at Angel One had also warned of some profit booking, but said that this should be viewed as a healthy consolidation to sustain the broader bullish trend. On the downside, the 24,770-24,500 zone was expected to offer immediate cushion for Nifty 50, while the bullish gap around 24,300 remains a crucial support zone. On the upside, 25,150 may act as an intermediate hurdle, followed by resistance near 25,400.

US stocks

Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive weekly decline as investors sifted for clues about what comes next in the AI trade.

Gains within technology were broadly shared, with the semiconductor index rallying 4.2%. Nvidia rose 2.8%, Advanced Micro Devices added 11% and Sandisk rebounded almost 4%. Shares within the sector opened strongly and held much of their gains, with the Nasdaq ending up 1.1% after trading as much as 2% higher.

European markets

Europe's STOXX 600 lost 1%. Britain's FTSE 100 fell 1% on Friday after touching a more than three-week low earlier in the session and registered a weekly decline, as AI jitters following Democrats' capture of the US Congress sparked a broad risk-off move.

The blue-chip FTSE 100 index fell 1.01% to 10,673.94 points and was down 0.5% for the week, while the midcap FTSE 250 slipped 0.80%, but still eked out a tiny weekly gain.

Most active stocks in terms of turnover

Divis Labs (Rs 714 crore), Finolex Cables (Rs 654 crore), HDFC Bank (Rs 569 crore), RIL (Rs 551 crore), BSE (Rs 342 crore), ICICI Bank (Rs 315 crore), and Tata Steel (Rs 307 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.

Also read | Uday Kotak says $700 bn outstanding FII payments will boost market, sees AI worries driving flows to India

Most active stocks in volume terms

Vodafone Idea (Traded shares: 7.54 crore), Yes Bank (Traded shares: 4.69 crore), Tata Teleservices (Traded shares: 2.91 crore), Suzlon Energy (Traded shares: 1.75 crore), Vedanta Power (Traded shares: 1.73 crore), Tata Steel (Traded shares: 1.6 crore) and Zee Entertainment Enterprises (Traded shares: 1.3 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

Finolex Cables, R R Kabel, Divis Labs, Aegis Vopak Terminals, Zee Entertainment Enterprises, Emmvee Photovoltaic and TD Power Systems were among the stocks that witnessed strong buying interest from market participants.

52-week high

Among the ones which hit their 52-week highs on NSE included Divis Labs, IGIL, Motilal Oswal, Shyam Metalics, Emcure Pharma, Piramal Pharma and MCX India.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were HBL Power, Voltas, Concord Biotech, Sai Life Science, Sterlite Tech, L&T Fin Holding and Gujarat Fluorochemicals.

52-week low

Among the ones which hit their 52-week lows on NSE included Canara HSBC Life.

Sentiment meter favours bulls

Out of the 3,550 stocks that traded on the NSE on November 8, Sunday, 2,716 stocks witnessed advances, 736 stocks saw declines while 98 stocks remained unchanged.

Also read |Muhurat Trading 2026: Sensex falls 29 points, Nifty below 25,000 as market snaps 6-day explosive rally on Diwali. What lies ahead in Samvat 2083?

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.