Market snapshot
Nifty 5022,603.05-0.76%
Sensex72,638.70-0.59%
Bank Nifty55,055.55-0.13%
Previous close · 7 Oct 2026 · Nifty has closed between -1.0% and -0.5% on 152 of the last 1,273 sessions.
In the previous session, the Indian markets saw modest declines amidst a backdrop of significant foreign portfolio investor (FPI) outflows, particularly in the financial sector. The Reserve Bank of India's (RBI) recent decision to hike the repo rate to 5.5% and shift to a 'calibrated tightening' stance added pressure on interest-sensitive sectors such as banking, real estate, and automotive. The narrow market breadth reflected the cautious sentiment as the rupee depreciated further against the dollar, crossing the 97/$ mark, complicating the economic landscape with increased import costs and inflationary concerns.
The big story
FPIs sell Rs 21,745 crore in second half of September, oil & gas, auto & financials lead outflows
FPIs sold Rs 21,745 crore in Indian equities in late September.
News
The RBI raised the repo rate to 5.5% and shifted to a 'calibrated tightening' stance, indicating potential for further hikes or a pause due to persistent inflation risks.
India's economy is projected to double to over $8 trillion in the next decade, driven by structural reforms and infrastructure investments, according to global investment firm KKR.
India's household inflation expectations have risen due to higher food and fuel costs, as shown by an RBI survey.
The RBI Chief has indicated that India's bank liquidity surplus is likely to decline by the end of the financial year.
India's central bank has raised its policy rate by 25 basis points, marking the first hike in nearly four years, as reported by Yahoo Finance.
The Indian rupee is nearing a record low as the Reserve Bank of India signals further tightening, with a weak monsoon raising food-price risks and making imports more expensive.
CoreWeave is expanding its AI cloud platform in India through a partnership with AdaniConneX, marking its entry into the Indian data center market.
Stocks Updates
Bajaj Housing Finance: allotted NCDs worth ₹2,439.3 crore at a 7.87% coupon, maturing in August 2036.
Krishna Institute of Medical Sciences: approved acquisition of equity stake in Splendid Hospitals Private Limited by investing up to ₹40 crore.
Afcons Infrastructure: confirmed redemption of commercial paper worth ₹100 crore on maturity date.
Afcons Infrastructure: fully redeemed commercial paper of ₹100 crore on October 6, 2026.
Railtel Corporation Of India: received a ₹48.4 crore order from OPEPA for setting up vocational labs, to be executed by April 2027.
Larsen & Toubro: secured LNTP for a 1,600 MW thermal power plant project in Jharkhand.
TD Power Systems: received trading approval for 12,50,000 equity shares allotted on a preferential basis.
FII / DII activity
FIISold ₹6,121.37 Cr
DIIBought ₹4,596.57 Cr
FIIs sold ₹6,121.37 Cr, DIIs bought ₹4,596.57 Cr. DIIs providing support against heavy FII selling.
Market breadth
Nifty 500
Advances151
Declines348
A/D ratio0.43
Limited participation across Nifty 500
Sector performance
12 NSE sector indices, previous close
PSU Bank+1.00%
Media+0.69%
Fin Services-0.12%
Bank-0.13%
Pharma-0.43%
Energy-0.63%
Infra-0.78%
FMCG-0.89%
IT-1.34%
Auto-1.58%
Realty-1.77%
Metal-2.33%
Leaders: PSU Bank, Media · Laggards: Metal, Realty
Top gainers and losers
Gainers
MAHABANK₹84.15+4.15%
KALYANKJIL₹569.00+3.80%
UNIONBANK₹173.15+2.80%
LICHSGFIN₹515.40+2.67%
KEI₹4,677.70+2.64%
Losers
NATIONALUM₹321.30-4.73%
TITAN₹4,377.00-3.80%
ADANIENT₹2,743.00-3.75%
INDUSINDBK₹874.90-3.44%
TIINDIA₹2,388.00-3.43%
Commodities & forex
🪙 Gold (10g)₹1,49,110.00flat
🥈 Silver (1kg)₹2,23,353.00-0.09%
USD/INR96.37+0.03%
Global cues
S&P 5007,801.77-0.22%
Nasdaq27,538.69-0.22%
S&P 500 futures7,852.75-0.27%
Nasdaq futures31,402.25-0.26%
Wall Street ended lower as Treasury yields climbed, pulling back from record highs, according to Reuters.
U.S. stocks fell as Treasury yields tested multidecade highs, reported the Wall Street Journal.
The S&P 500 and Nasdaq 100 slipped from record highs amid pressure from soaring Treasury yields, with SPCX, AMD, NVDA, and MRVL in focus, noted Yahoo Finance.
The Nasdaq Composite and S&P 500 fell from record levels following the release of Fed meeting minutes, Yahoo Finance reported.
After-hours trading saw a bid in chip stocks lift Nasdaq futures, according to Moomoo.
Wall Street retreated from record levels as stocks fell worldwide, reported AP News.
Gold prices fell 1% as the dollar gained strength, with Fed minutes in focus, CNBC reported.
The 10-year Treasury yield backed off from a 24-year high after a solid bond auction eased demand fears, CNBC noted.
Surging Treasury yields have begun to impact parts of the stock market, especially those not in the tech spotlight, according to an analysis.
Higher yields are affecting all areas of the stock market except technology, which has gained since September 1, as reported.
A strange market anomaly is creating a buying opportunity in the Nasdaq 100, CNBC highlighted.
Technical levels
Nifty support22,527.02 / 22,450.98
Nifty resistance22,698.37 / 22,793.68
Bank Nifty support54,680.93
Bank Nifty resistance55,385.43
Nifty is in bearish trend. Trading below 200 DMA suggests caution. Short-term trend is soft.
Earnings calendar
Tata Consultancy Services Limited2026-10-08
Anand Rathi Wealth Limited2026-10-09
Can Fin Homes Limited2026-10-09
Canara HSBC Life Insurance Company Limited2026-10-09
Term of the day
Bracket order
A bracket order places an entry along with predefined profit-target and stop-loss legs.