ATLAS News · Markets

Indian Stocks Slip on Profit Booking as Wall St Rallies on Oil Slide

Published November 9, 2026 · 4 sources

Sensex and Nifty gave up early gains on profit booking after the Diwali session, while Reuters and MarketWatch report a strong Wall Street rally.

What happened

Indian equities opened higher on Monday but pared gains, with Moneycontrol reporting that the Sensex fell 700 points from its intraday high and the Nifty moved near 24,850. Profit booking was cited among the key factors.

Goodreturns notes that the market had followed Sunday's special Muhurat trading session for Diwali, when the Nifty closed at 24,986.40, down 0.18%, and the Sensex ended at 80,999.40, down 0.04%.

In the United States, Reuters reports that Wall Street rebounded as a slide in oil prices eased inflation worries, while Nvidia declined. MarketWatch says Caterpillar and Goldman Sachs led a 1,115-point surge in the Dow.

Context

Muhurat trading is a brief, symbolic session held on Diwali in Indian markets, and profit booking refers to investors selling holdings to lock in earlier gains.

Why it matters

The moves show how Indian and US markets were reacting to different drivers on the same day, with profit taking in India and easing inflation concerns in the US.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

BookingBKNG

−4.77%

Consumer Cyclical · NASDAQ

Live price

$160.67

live price · USD

Latest close before this story: $160.67−4.77% vs. previous close ($168.72) · November 6
Fair value (ATLAS): $250.56Fair range: $176.00 to $356.72The price ($160.67) is 35.9% below that figure.
Chance of a rise in 1 month: 49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $147.84 and $173.51; 9 in 10, between $128.27 and $199.98.

See the full ATLAS analysis of Booking →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Market indices

Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.

S&P 500 (SPY): 735.29 (+0.31%) · November 6

Nasdaq-100 (QQQ): 656.10 (+1.40%) · November 6

Dow Jones (DIA): 512.22 (−0.40%) · November 6

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Why Is Stock Market Falling Today? Nifty Below 25,000; Market Sees Profit Booking After Diwali Rally · Goodreturns · November 9, 2026
Sensex falls 700 pts from day’s high, Nifty near 24,850: Profit booking among key factors behind market... · Moneycontrol.com · November 9, 2026
Wall St roars back as oil slide eases inflation jitters; Nvidia drops · Reuters · November 9, 2026
Caterpillar, Goldman Sachs share gains lead Dow's 1,115-point surge · MarketWatch · November 9, 2026

Latest market news · Markets today on ATLAS · Booking

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer