Archive · 8 Oct 2026
Sensex Sinks 1,045 Points as Nifty Hits Fresh Low
Indian shares had a very difficult day on Thursday.
The Sensex and Nifty both fell sharply.
The Nifty briefly touched a low near 22,180, though reports describe that low using different time comparisons.
Investors were concerned about foreign investors selling shares, expensive oil, and interest rates staying high.
The Reserve Bank of India also raised its key rate to 5.50%.
Metal and smaller-company shares fell especially sharply, while technology shares did better than most.
Some analysts warned that prices could fall further if the Nifty drops below important support levels.
Others pointed to company earnings as a possible guide for what comes next.
Investors will watch upcoming results and what company leaders say about demand and costs.
The Sensex fell 1,045.46 points (1.44%) to 71,593.24, while the Nifty dropped 371.25 points (1.64%) to 22,231.80.
The Nifty’s intraday low was reported around 22,179–22,182; reports variously described it as a 2026 low and a fresh 52-week low.
Reports cited foreign investor selling, Brent crude above $104 a barrel, and concerns about interest rates staying elevated; the RBI raised its repo rate by 25 basis points to 5.50%.
Selling was broad-based: metal stocks led sectoral declines, mid- and small-cap indices fell more than 2% in reports, and the IT index held up relatively better.
Analysts flagged support around 22,180–22,000 and resistance near 22,400–22,600; attention is turning to quarterly earnings and company guidance.
- Who
- Indian stock-market investors, foreign portfolio and institutional investors, and companies represented in the Sensex and Nifty.
- What
- The Sensex fell 1,045.46 points and the Nifty fell 371.25 points, with the Nifty briefly reaching about 22,180.
- When
- Thursday; the articles do not specify a calendar date.
- Where
- Indian stock markets, including Dalal Street in Mumbai.
- Why
- Reports attributed the declines to foreign investor selling, crude oil above $104 per barrel, and concern about tighter monetary conditions, including the RBI’s rate increase.
Risks and caution
Earnings and valuation support
Near-term market outlook
Risks and caution
Analysts cited heavy foreign selling, high oil prices, tighter financial conditions, deteriorating market breadth, and weakened technical levels as reasons for caution.
Earnings and valuation support
Nilesh Shah said corporate earnings remained robust, with double-digit growth, and that this had brought valuations down and made stocks relatively more attractive.
What may guide the next move
Risks and caution
Analysts warned that a decisive break below support near 22,180 could expose the Nifty to further declines.
Earnings and valuation support
Market commentators said the coming Q2 earnings season and management comments on demand and input-cost absorption could provide direction.
- Sensex close
- 71,593.24, down 1,045.46 points (1.44%).
- Nifty close
- 22,231.80, down 371.25 points (1.64%).
- Nifty intraday low
- Reports give approximately 22,179–22,182 and describe it variously as a 2026 low or a fresh 52-week low.
- Foreign investor flows
- One report said FPIs sold shares worth Rs 12,943.58 crore that day and Rs 2.92 lakh crore since the start of the calendar year.
- RBI repo rate
- One report said the RBI raised the rate by 25 basis points to 5.50% and shifted to a calibrated tightening stance.
- Brent crude
- Rose above $104 per barrel; one report cited a price of about $104.49.
- Market breadth and sectors
- Metal stocks led sectoral losses; IT showed relative resilience. One report counted 3,412 BSE decliners and 1,018 advancers.
- Technical levels cited
- Analysts identified support near 22,180–22,000 and resistance around 22,400–22,600.
Sources
Sensex Plunges 1,045 Points, Nifty Hits 52-Week Low Amid FII Selling, RBI Tightening
Sensex sinks to 33-month low as FPI selling intensifies
Sensex Sinks 1,045 Points, Nifty Hits 2026 Low as Oil Crosses $104
Nifty touches fresh 52-week low, Sensex tanks 1,045 points over global jitters
