Indian stock market opened higher on Monday, November 9, as easing crude oil prices and renewed foreign investment inflows strengthened investor sentiment. The benchmark indices, BSE Sensex and NSE Nifty 50, continued their upward momentum following a strong rally in the previous trading sessions, supported by improving global market conditions and expectations of sustained foreign portfolio investment.

Key Highlights

• Indian stock markets opened higher as foreign investment inflows and easing crude oil prices strengthened investor sentiment.
• Foreign investors purchased over $4.1 billion in Indian equities, supporting market recovery and boosting confidence among domestic investors.

The Nifty 50 advanced 0.36% to 25,076.40, while the Sensex gained 0.40% to 81,327.29. The positive opening reflected improved investor confidence after Indian equities recorded significant gains during the previous week.

The benchmark indices had climbed approximately 10.5% over the seven trading sessions through Friday, marking their longest winning streak of the year. However, the market had experienced a slight correction during the special Diwali Muhurat trading session on Sunday, when the Sensex declined 28.62 points to 80,999.40 and the Nifty fell 43.95 points to 24,986.40.

Foreign Investment Inflows Support Market Recovery

Foreign institutional investment has emerged as a significant driver of the recent market recovery. Foreign investors purchased more than $4.1 billion worth of Indian equities during November so far, representing the largest monthly inflow since September 2024.

The renewed buying activity follows a prolonged period of foreign investor selling pressure, which had weighed on Indian equity market throughout much of 2026. Lower crude oil prices and changing global investment strategies have contributed to the renewed interest in Indian equities.

India’s relatively diversified equity market has also attracted attention as global investors reassess their exposure to technology-heavy markets amid concerns regarding the sustainability of artificial intelligence-related investments.

Anand Gupta, Lead Portfolio Manager for India Equity at Allianz Global Investors, said, “In our view, accelerating earnings, below-average valuations and low foreign ownership make India an attractive opportunity.”

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Crude Oil Prices and Global Cues Remain Key Drivers

Crude oil prices continued to influence market sentiment as crude oil prices traded around $97.50 per barrel. The decline in oil prices is particularly significant for India, which remains heavily dependent on imported crude oil.

Lower energy prices could ease inflationary pressures, reduce the country’s import bill and improve the financial outlook for oil-consuming sectors.

Market participants will continue monitoring foreign institutional investment activity, corporate earnings, crude oil prices and global economic developments for further direction.

While the latest market rally reflects improving investor confidence, potential profit booking and international volatility remain important risks for the domestic equity market.