Stories
Sensex Drops 250 Points and Nifty Opens Lower Amid Weak Global Cues
- •Domestic equity indices opened lower, with the BSE Sensex dropping 249.87 points to trade at 72,388.83 and the Nifty opening below the 22,550 mark.
- •Asian markets traded lower due to renewed concerns surrounding inflation and the interest-rate outlook, reflecting a cautious global setup.
- •Information technology stocks emerged as the primary bright spot with TCS, HCLTech, Tech Mahindra, and Infosys registering strong gains.
- •Realty, metal, and banking sectors faced heavy selling pressure, while the India VIX fear gauge rose 1.11 percent to indicate mounting volatility.
- •Experts note that persistent FII selling and high US bond yields are likely to keep large-cap indices under pressure in the near term.
Key Questions Answered
On Thursday, October 8, 2026, the domestic equity market indices opened lower amid continued volatility and cautious global cues. The BSE Sensex fell 249.87 points to 72,388.83, while the BSE Nifty declined 82.20 points to trade at 22,520.85.
Information technology stocks emerged as the top gainers, with the Nifty IT index rising 1.78% led by major firms like TCS, HCLTech, Tech Mahindra, and Infosys. Conversely, realty and metal stocks faced heavy selling pressure, with the Nifty Realty index declining 1.25% and the Nifty Metal index falling 1.11%.
According to V K Vijayakumar of Geojit Investments Ltd, sustained selling in large-caps by foreign institutional investors (FIIs) has been driven by US 10-year bond yields hovering above 5.3% and the RBI's calibrated tightening stance. This trend will likely keep Nifty large-caps under pressure until FIIs turn buyers.
