14 hrs ago
Indian Stocks Seen Opening Lower as Global Markets Weaken
Indian stocks fell on Wednesday after the Reserve Bank of India raised its key interest rate.
The Sensex and Nifty both finished lower.
A signal from GIFT Nifty suggested Indian stocks might start Thursday lower too.
One analyst said the Nifty could fall further if it moves below 22,600.
Another said a rise above 22,750 could improve the mood.
US markets also ended lower on Wednesday.
Several Asian markets were down on Thursday.
Investors were watching interest rates, bond yields and inflation concerns.
GIFT Nifty traded near 22,557, signaling a weaker opening for Indian stocks on Thursday, October 8.
On Wednesday, the Sensex closed at 72,638.70 and the Nifty at 22,603.05, both lower.
The article attributes Wednesday’s decline partly to the Reserve Bank of India raising its key policy rate for the first time in nearly four years.
Analysts identified 22,600 as an important Nifty level, with 22,200 as a possible downside level and 22,750 as a level that could restore some bullishness.
US and Asian markets were broadly weaker, including declines in the Dow, S&P 500, Nasdaq, Nikkei, Kospi and Taiwan’s TAIEX.
- Who
- Indian investors and the Sensex and Nifty; market analysts quoted in the article.
- What
- Indian stocks fell on Wednesday, with GIFT Nifty signaling a potentially weaker opening on Thursday.
- Where
- India, with market updates also covering the United States and Asian markets.
- When
- Wednesday, October 7, and Thursday, October 8, 2026.
- Why
- The article links Wednesday’s Indian-market decline to the Reserve Bank of India’s rate increase and a mix of domestic and global factors; US-market weakness was associated with rising bond yields and inflation concerns.
Cautious outlook
Potential recovery
Nifty direction
Cautious outlook
Rupak De said a decisive fall below 22,600 could renew bearishness and take the index toward 22,200.
Potential recovery
De said a sustained move above 22,750 could bring some bullishness back.
Sensex direction
Cautious outlook
Sachin Gupta said a sustained break below 72,000 could revive bearish momentum.
Potential recovery
Gupta said a decisive move above 73,000–73,200 could strengthen buying interest and allow further recovery.
Key facts
- Sensex close
- 72,638.70; down 429.11 points, or 0.59%, according to the article’s main account.
- Nifty close
- 22,603.05; down 173.05 points, or 0.76%.
- GIFT Nifty
- Around 22,557, nearly 35 points below the Nifty futures’ previous close.
- Sensex support zone
- 72,000–72,300, according to Sachin Gupta.
- Nifty levels cited
- A break below 22,600 could put 22,200 in view; a sustained rise above 22,750 could bring back some bullishness, according to Rupak De.
- US market moves
- The Dow ended about 350 points lower; the S&P 500 and Nasdaq each fell 0.2%.
- Asian market moves
- The Nikkei fell more than 1%, the Kospi 0.88%, and Taiwan’s TAIEX 0.90% in early trading.
- Reported Sensex percentage discrepancy
- The article’s main account says the Sensex fell 0.59%, while a quoted analyst description says it fell 0.49%.
Quotes
Sachin Gupta
Vice president of technical research at Choice Equity Broking Private Limited.
“Looking ahead, the Sensex continues to trade within a sideways structure, with the 72,000–72,300 support zone crucial for maintaining stability. A decisive move above 73,000–73,200 could strengthen buying interest and open the way for further recovery, while a sustained break below 72,000 may revive the bearish momentum. For now, the index remains caught between strong Put support and Call resistance, suggesting that traders should wait for a clear breakout or breakdown before taking aggressive ”
livemint.com
“Markets reversed the recent gains on Wednesday and ended lower amid volatility, weighed down by a combination of domestic and global factors. After a weak opening and an initial recovery attempt, the benchmark indices failed to sustain their gains and oscillated within a narrow range. The Nifty closed at 22,603.05, down 0.76%, while the Sensex settled at 72,638.70, lower by 0.49%.”
livemint.com
Sources
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