Nifty and Sensex dip after Muhurat trading session (9 Nov)
- Sensex fell 28.62 points to close at 80,999.40.
- Nifty 50 declined 43.95 points to 24,986.40.
- Nomura Funds Ireland and Synergy Metals bought 1.2 crore and 1.9 crore shares of JSW Cement respectively.
- Datverzo is scheduled to launch in India in November 2026.
Indian benchmark indices concluded the Muhurat trading session in the red on November 8, 2026, with the Nifty 50 ending a seven-day winning streak. The Sensex fell 28.62 points, or 0.04 percent, to close at 80,999.40, while the Nifty 50 declined 43.95 points, or 0.18 percent, to 24,986.40. This performance follows profit booking in the Nifty 50, which had previously maintained a seven-day winning streak.
Market experts identify an immediate hurdle for the Nifty 50 at 25,200 and crucial resistance at 25,500. Immediate support sits at 24,800, with a crucial support zone between 24,400 and 24,300.
Beyond financial markets, Kalshi provides prediction markets for politics, culture, crypto, and climate. On November 8, 2026, the Denver Broncos held a 57 percent win probability against the Carolina Panthers in NFL Week 9 on the platform. A promotion related to these events was verified on November 8, 2026. The Denver Nuggets played the Indiana Pacers on November 7, 2026.
Market technicals show rising volatility and selling pressure
The Relative Strength Index eased to 72.13 but remained above its signal line, while the Moving Average Convergence Divergence maintained its upward trajectory. A long build-up occurred in 49 stocks, while 43 stocks experienced long unwinding.
Nifty October futures rose 1.71 percent to 25,008.00, trading at a 22-point discount. Meanwhile, Nvidia shares reached $186.64, a 2.8 percent increase.
Significant bulk deals in JSW Cement and Alivus Life Sciences
Institutional activity in JSW Cement saw Nomura Funds Ireland India Equity Fund acquire 1.2 crore shares at Rs. 120.5 per share. Synergy Metals Investments Holding also bought 1.9 crore shares of the company at the same price of Rs. 120.5 per share.
Alivus Life Sciences witnessed significant bulk deal activity on November 9. Param Capital purchased 7.29 lakh shares at Rs. 1,370 per share, while Bandhan Mutual Fund acquired 8.55 lakh shares at the same price. Nirma sold 8.33 lakh shares at Rs. 1,422.29 per share and offloaded another 28.46 lakh shares at Rs. 1,370 per share.
William Blair International Small Cap Growth Fund added 0.70 lakh shares, and BNP Paribas Financial Markets purchased 8.13 lakh shares.
Corporate transactions in V2 Retail and other firms
V2 Retail transactions included Aditya Kumar Halwasiya purchasing 83 lakh shares at Rs. 160 per share. Ram Chandra Agarwal and Ricon Commodities sold 62.60 lakh shares and 98.65 lakh shares respectively, both at Rs. 160 per share.
Apurva Mahesh Shah sold 2.70 lakh shares of Mm Forgings at Rs. 620.02 per share. 215.2 per share. Suresh G Kare, a promoter and director at Indoco Remedies, purchased 1,335 shares.
US midterm election results impact global tech stocks
The U.S. midterm elections resulted in a Democratic landslide in Congress, according to Bloomberg. Bond bulls responded to the sweep by boosting a Treasury rally.
Tech stocks fell on speculation that this political shift will curb the artificial intelligence investment boom. This trend had previously driven economic growth, inflation, and higher interest rates through increased corporate debt issuance.
The Trade Desk faces financial headwinds
The Trade Desk reported second-quarter revenue fell roughly $35 million short of its own forecast. Growth in the quarter relied on new clients, while spending by existing clients declined. Connected TV and audio segments both recorded double-digit growth rates during the second quarter.
The company guided for third-quarter 2026 revenue of at least $650 million, which is roughly 12% below the year-ago quarter. Management forecast non-GAAP EBITDA of roughly $160 million, about half of the $317 million recorded in the third quarter of 2025. The company must achieve revenue of at least $650 million and issue a fourth-quarter forecast that declines less than 12% to restore confidence in its guidance.
The Trade Desk stock finished 2024 at $117.53 and has since declined about 89%. Shares fell about 22% the day after the August forecast, closing at $13.80, and are currently trading near $13. The stock was up 0.94 percent on November 8. The price-to-earnings ratio could increase even if the stock price remains unchanged.
In previous quarters, the firm reported fourth-quarter 2025 revenue of $847 million, which was $7 million over its floor. First-quarter 2026 revenue was $689 million, clearing the floor by $11 million. Fourth-quarter 2024 revenue reached $741 million, missing the guidance of at least $756 million.
Kalshi is a CFTC-regulated prediction market exchange where event contracts are traded directly between users. The bonus is credited within 12 to 24 hours. Prices are accurate as of November 8 and subject to change. Kalshi offers a four-game late-afternoon slate for Week 9 NFL games, followed by Sunday Night Football. Other games drawing significant volume include the Los Angeles Chargers versus Houston Texans and the Atlanta Falcons versus Cincinnati Bengals.
Datverzo launch scheduled for November 2026
Datopotamab Deruxtecan, branded as Datverzo, is scheduled to launch in India in November 2026.
Frequently Asked Questions
- Stock Market Today: All You Need To Know Going Into Trade On Nov 9 (ndtvprofit.com)
- Trade Setup for November 9: Top 15 things to know before the opening bell (moneycontrol.com)
- The Trade Desk Stock Has Lost About 89% Since the End of 2024. Its Nov. 9 Report Is the Next Test. | The Motley Fool (fool.com)
- US Election Drives Investors From Tech to Bonds, Boosting Treasury Rally - Bloomberg (bloomberg.com)
- Kalshi promo code AL55: Unlock a $55 bonus for Week 9 NFL games - al.com (al.com)
- Kalshi Promo Code MILE for NFL Week 9 Scores $55 Bonus - Denver Stiffs (denverstiffs.com)
- Stock Market Today: All You Need To Know Going Into Trade On Nov 9 (ndtvprofit.com)
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