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Business
Indian Stock Markets Start Samvat 2079 on Higher Note, Banking Shares Lead Gains
✍️ India Today
🗓 09 Nov 2026, 10:33 AM
👁 15
India’s equity indices opened the new Samvat year higher, driven primarily by gains in major banking stocks.
The Indian equity markets began the Samvat year on an upbeat footing, with the major indices posting gains at the opening bell. Traders noted a positive tone across the board, reflecting optimism as the new calendar year commenced.
Banking stocks were the primary catalyst, pulling the broader market upward. Shares of leading public‑sector banks and prominent private lenders recorded noticeable price increases, outpacing other sectors.
Analysts attributed the rally to a combination of improved credit growth outlook and expectations of stable monetary policy, which have bolstered investor confidence in the financial segment. The upward momentum set a hopeful tone for the early trading sessions of the Samvat year.
Banking stocks were the primary catalyst, pulling the broader market upward. Shares of leading public‑sector banks and prominent private lenders recorded noticeable price increases, outpacing other sectors.
Analysts attributed the rally to a combination of improved credit growth outlook and expectations of stable monetary policy, which have bolstered investor confidence in the financial segment. The upward momentum set a hopeful tone for the early trading sessions of the Samvat year.