Stories
Sensex Tumbles 447 Points and Nifty Dips Below 22,650 Ahead of RBI Policy Decision
- •Indian benchmark indices opened lower on Wednesday amid cautious trading ahead of the RBI monetary policy committee announcement.
- •BSE Sensex fell 446.56 points to 72,621.25, while the Nifty 50 declined 156.20 points to 22,619.90 in early trade.
- •Consumer Durables and Auto sectors led the losses, while Media, Pharma, and Healthcare indices showed minor gains.
- •Market volatility spiked as the India VIX rose 3.63% to 14.10, reflecting cautious investor sentiment.
- •Experts note that a rate hike is largely discounted, but the RBI's monetary stance and commentary on growth-inflation dynamics will drive market direction.
Key Questions Answered
Indian benchmark indices opened lower on Wednesday, October 7, 2026, amid cautious trading ahead of the RBI monetary policy committee's decision. The BSE Sensex fell 446.56 points to 72,621.25, while the Nifty 50 declined 156.20 points to 22,619.90.
Most sectoral indices traded in the red, with Nifty Consumer Durables suffering as the biggest loser by falling 1.49%. This was followed by Nifty Auto, which dropped 1.12%, and Nifty PSU Bank, which declined 0.96%.
Geojit Investments chief investment strategist V K Vijayakumar noted that Brent crude has moved back above $101 and foreign portfolio investor outflows continue, while the interest rate differential between India and the US remains very low. A rate hike is seen as unavoidable to preempt further capital flight and help stabilize the rupee.
