12 hrs ago
Nifty Falls 1.6% After Opening at Intraday High
The Nifty is a group of shares used to track part of India’s stock market.
On October 8, it began the day at its highest point for that session, then fell.
It ended down 1.6%, at its lowest level in more than 13 months.
Most of the stocks that traded on the National Stock Exchange also went down.
Every Nifty sector index fell, with real estate and metals among the hardest hit.
Foreign investors sold a large amount of Indian stocks.
The rupee-dollar exchange rate was ₹96.88, and a measure of market nervousness rose.
An expert said the Nifty could fall further if it drops below 22,180 points.
The article says market ups and downs may remain high until crude prices and global yields stabilize.
The Nifty opened at 22,599.05 points, its high for the session, and closed at 22,231.8, down 1.6%.
This was the sixth time in 2026 that the Nifty’s open was also its intraday high; the article says this last occurred six times in a year in 2023.
The index’s close was its lowest in more than 13 months, amid investor reaction to central banks ruling out rate cuts in the next couple of policy meetings.
On the National Stock Exchange, 2,950 of 3,722 traded stocks fell, while 660 rose; all 21 Nifty sectoral indices declined.
Foreign Portfolio Investors sold ₹6,155.75 crore of stocks, the rupee-dollar pair traded at ₹96.88, and India VIX rose 10.2% to 15.3.
- Who
- The Nifty and stocks traded on India’s National Stock Exchange; Foreign Portfolio Investors also sold shares.
- What
- The Nifty fell 1.6% after opening at its intraday high of 22,599.05 points, and closed at 22,231.8.
- Where
- The Indian stock market.
- When
- October 8, 2026.
- Why
- Investors reacted to central banks ruling out rate cuts in the next couple of monetary policy meetings; the article also reports substantial foreign stock selling.
Key facts
- Nifty open
- 22,599.05 points, also the session high
- Nifty close
- 22,231.8 points, down 1.6%
- Sixth occurrence
- The open was also the intraday high for the sixth time in 2026
- Market breadth
- 2,950 decliners and 660 advancers among 3,722 traded stocks on the NSE
- Sector indices
- All 21 Nifty sectoral indices declined; Realty and Metal fell more than 3%
- Foreign investor sales
- Foreign Portfolio Investors sold ₹6,155.75 crore worth of stocks
- India VIX
- Rose 10.2% to 15.3 points, from 13.8
Quotes
Experts
Market experts cited in the article.
“If the Nifty declines below 22,180 points, then it could go as low as 21,750 points.”
thehindubusinessline.com
Sources
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