Trending Stocks Today, November 9, 2026: PC Jeweller, Vodafone Idea, YES Bank, Empower India Among Top NSE Traded Shares

Mumbai, November 9: Shares of PC Jeweller, Vodafone Idea, YES Bank and Empower India were the most actively traded stocks on the National Stock Exchange (NSE) on Monday, November 9. PC Jeweller declined 2.53%, while Vodafone Idea fell 1.95% and YES Bank shed 1.50%. Empower India was the biggest loser among the four, dropping 4.96%, as investors tracked company-specific developments and recent price movements. 

PC Jeweller Limited (down 2.53%) 

PC Jeweller shares declined on Monday after Diwali on Sunday. Along with jewellery stocks, it had attracted buying interest on Friday which is Dhanteras. The stock had gained as investors positioned themselves for stronger festive-season purchases of gold, silver and other precious metals. PC Jeweller has risen 2% over the past five trading sessions and 4.2% over the past month. 

Investors are now looking for evidence that festive-season demand will translate into higher sales volumes and stronger earnings for organised jewellery retailers. The December quarter is a crucial period for the sector, as Dhanteras, Diwali and the subsequent wedding season typically account for a significant portion of annual jewellery purchases. 

Dhanteras, also known as Dhantrayodashi, marked the beginning of the Diwali festivities. Buying gold, silver, jewellery, coins and other valuables on the occasion is considered auspicious in India, making it one of the biggest annual demand drivers for jewellery retailers. 

Vodafone Idea Limited (down 1.95%) 

Vodafone Idea shares declined on Monday despite further progress in the telecom operator’s proposed Rs 35,000-crore debt financing from a consortium led by State Bank of India (SBI). According to an ETBFSI report, SBI has approved the loan proposal and circulated its appraisal to other participating lenders, taking the funding arrangement a step closer to finalisation.  

The National Bank for Financing Infrastructure and Development (NaBFID) is expected to approve an exposure of Rs 4,000 crore shortly, while Punjab National Bank (PNB) is likely to decide on its participation within the next 10 days. Union Bank of India is expected to take a call by the end of November. The individual exposure of these lenders is yet to be finalised. 

The proposed financing comprises Rs 25,000 crore in funded facilities and Rs 10,000 crore in non-funded facilities. SBI, as the lead lender, has completed its assessment and shared the appraisal with other consortium members. However, participating banks will have to complete their individual internal evaluations and obtain the necessary approvals before the loan can be disbursed.  

The debt arrangement is crucial for Vodafone Idea as it looks to finance its Rs 45,000-crore capital expenditure programme over three years. The company plans to strengthen its 4G network coverage and accelerate its 5G rollout to compete with Reliance Jio and Bharti Airtel. 

Vodafone Idea has already secured its first funding tranche of Rs 6,400 crore, including Rs 1,183 crore through warrant proceeds and debt funding from Indian and foreign lenders. The company is seeking additional financing to support its network expansion and improve its competitive position in India’s telecom market.  

Yes Bank Limited (down 1.50%) 

YES Bank shares declined on Monday, after a 9% rally over the previous five trading sessions, as investors continued to monitor developments concerning the reinstatement of Rs 8,415 crore worth of additional tier-1 (AT-1) bonds written off by the lender in March 2020. The stock has shed nearly 17% over the past month. 

The focus remains on the implementation of the Supreme Court’s ruling in favour of AT-1 bondholders. A report last Wednesday said the YES Bank AT-1 Bond Holders Association had sought clarity on the repayment schedule after a deadline set by the debenture trustee expired. Investors are awaiting a definitive timeline for the return of their investments. 

The dispute relates to YES Bank’s March 2020 decision to write off Rs 8,415 crore worth of AT-1 bonds as part of its reconstruction scheme. On October 15, the Supreme Court dismissed appeals filed by YES Bank, the Reserve Bank of India (RBI) and the Centre against a Bombay High Court ruling that had set aside the write-off. 

The verdict has revived expectations of repayment or reinstatement for affected bondholders. However, the precise mechanism for implementing the judgment, including the payment schedule and treatment of the written-off securities, remains unclear. 

Empower India Limited (down 4.96%) 

Empower India fell on Monday extending its slide, the stock having declined 11% over a week and nearly 40% over a month. This year it is down nearly 18%.

Source

• NSE