Archive · 8 Oct 2026
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.
- When
- Wednesday, October 7, and Thursday, October 8, 2026.
- Where
- India, with market updates also covering the United States and Asian markets.
- 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.
- 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%.