Indian equity benchmarks edged lower in early trading on Monday, November 9, as investors booked profits following a strong rally in the previous sessions. The Nifty 50 was around 24,931.2, while the BSE Sensex stood at 80,837.24 in early trade, both down approximately 0.2%.
The markets had gained around 10.5% over seven sessions through Friday, marking their longest winning streak of the year. Strong foreign investor inflows and easing crude oil prices had supported the rally. Foreign investors purchased more than $4.1 billion worth of Indian shares during November so far, their largest monthly inflow since September 2024.
Investors are now assessing whether the recent gains can continue or whether further profit booking may emerge. Pharmaceutical shares remained relatively firm, while information technology stocks faced selling pressure.
Source: Reuters – Indian Shares Edge Lower After Recent Rally.
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