Stories
Sensex Plunges 1,045 Points and Nifty Hits 52-Week Low Amid Broad Selling
- •Indian equity indices dropped for the second straight session on October 8, with the Sensex crashing 1,045.46 points to close at 71,593.24.
- •The Nifty slipped below 22,200 intraday to hit a fresh 52-week low of 22,179.90 before ending at 22,231.80.
- •Broader indices underperformed with Nifty midcap and smallcap gauges falling over 2 percent each, erasing over Rs 12 lakh crore in market capitalization.
- •All sectoral indices finished in the red, heavily pressured by weak global cues, elevated Brent crude prices above $104 a barrel, and cautious investor sentiment.
- •Market experts suggest a cautious approach, noting that key technical supports are being tested amid ongoing macroeconomic headwinds.
Key Questions Answered
Indian equity indices fell sharply due to broad-based selling driven by weak global cues, elevated crude oil prices around $104 a barrel, and concerns over supply disruptions in the Middle East. Additionally, cautious investor sentiment ahead of TCS' quarterly results and the RBI's repo rate hike of 25 bps to 5.50% added to the market pressure.
Over the two sessions leading up to October 8, 2026, the total market capitalization of BSE-listed companies declined by more than Rs 12 lakh crore, dropping down to Rs 460.97 lakh crore.
All sectoral indices ended in the red, with Auto, Energy, FMCG, Infra, Media, Metal, Oil & Gas, Pharma, and Realty down 2% to 3%. The biggest Nifty losers included Adani Enterprises, JSW Steel, Max Healthcare, ITC, and Interglobe Aviation.
