08-Oct-2026 15:53
Sensex nosedives 1,045 pts; Nifty ends below 22,250
The key equity indices ended with major cuts on Thursday, extending their decline for the second consecutive session, weighed down by weak global cues and caution following the Reserve Bank of India's (RBI) repo rate hike. Rising US Treasury yields and firm crude oil prices also continued to weigh on sentiment. The Nifty closed below the 22,250 mark. All the sectoral indices on NSE ended in the red with metal, realty and media shares declining the most.
As per provisional closing data, the barometer index, the S&P BSE Sensex tanked 1,045.46 points or 1.44% to 71,593.24. The Nifty 50 index lost 371.25 points or 1.64% to 22,231.80. In the two consecutive trading sessions, the Sensex declined 2.02%, while the Nifty 50 fell 2.39%.
The broader market underperformed the frontline indices, with the Nifty MidCap 150 index declining 2.48% and the Nifty SmallCap 250 index falling 2.49%.
The market breadth was weak. On the BSE, 1,018 shares rose and 3,412 shares fell. A total of 224 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 10.38% to 15.33.
New Listing:
Shares of Nityas Gems & Jewellery ended at Rs 84 on the BSE, representing a premium of 12% as compared with the issue price of Rs 75.
The stock debuted at Rs 82 on the BSE, a premium of 9.33% over its issue price.
The stock has hit a high of Rs 86.09 and a low of Rs 77.91. On the BSE, over 11.02 lakh shares of the company were traded in the counter.
Shares of Vishal Nirmiti ended at Rs 204.25 on the BSE, representing a discount of 7.16% as compared with the issue price of Rs 220.
The stock debuted at Rs 215 on the BSE, a discount of 2.27% over its issue price.
The stock has hit a high of Rs 215 and a low of Rs 204.25. On the BSE, over 0.49 lakh shares of the company were traded in the counter.
Buzzing Index:
The Nifty Metal index declined 3.55% to 11,870.05. The index declined 5.25% in the two consecutive trading sessions.
Adani Enterprises (down 5.36%), Vedanta Aluminium Metal (down 5.16%), Jindal Steel (down 4.81%), Steel Authority of India (down 4.62%), JSW Steel (down 4.46%), APL Apollo Tubes (down 4.45%), Jindal Stainless (down 3.59%), Hindustan Zinc (down 3.49%), Vedanta (down 3.18%) and Lloyds Metals & Energy (down 3.01%) declined.
Stocks in Spotlight:
GM Breweries fell 9.56% after the company reported a 12.61% YoY and 4.11% QoQ increase in profit after tax to Rs 39.29 crore in Q2 FY27. Net sales increased 18.28% YoY and 6.98% QoQ to Rs 213.52 crore.
Senco Gold surged 2.94% after the jewellery retailer reported 29% year-on-year growth in retail revenue in Q2 FY27, supported by festive demand and strong same-store sales growth. Total revenue, including corporate, e-commerce and exports, increased 31% year-on-year in Q2 FY27. Retail revenue grew 29%, while same-store sales growth (SSSG) stood at 19%.
Matrimony.com shed 0.71%. The company reported a 10.7% year-on-year increase in consolidated billings to Rs 131.09 crore in Q2 FY27 from Rs 118.44 crore in Q2 FY26.
One 97 Communications slumped 5.42% after the Reserve Bank of India (RBI) disclosed that Paytm Payments Bank Limited (PPBL) had been excluded from the Second Schedule to the RBI Act, 1934. The RBI said PPBL was excluded from the Second Schedule through a notification dated 31 July 2026, which was published in the Gazette of India on 7 September 2026.
PC Jeweller rallied 5.86% after the company reported approximately 28% YoY growth in consolidated revenue for the quarter ended 30th September 2026, supported by healthy demand.
Fino Payments Bank surged 11.53% after the company's average total deposits jumped 13% to Rs 2794 crore in Q2 FY27, compared with Rs 2,480 crore in Q2 FY26.
Interarch Building Solutions shed 0.84%. The company received a Rs 59-crore domestic order for a pre-engineered steel building system for an electronic products manufacturing unit in South India.
Global Markets:
Dow futures were down 341 points, signalling a weak opening for US stocks.
European markets declined while, Asian shares ended lower on Thursday as rising US Treasury yields, higher oil prices and expectations of further Federal Reserve rate hikes weighed on investor sentiment.
Oil prices rose amid renewed geopolitical tensions in the Middle East. Brent crude moved above $102 a barrel as concerns over disruptions to energy supplies and shipping routes increased. The rise in oil prices added to concerns over inflation and higher interest rates.
The release of minutes from the Federal Reserve's September meeting also weighed on sentiment. The minutes showed that all 19 policymakers supported the September rate hike, while most officials considered another rate increase likely to be appropriate by the end of the year. However, the minutes also showed differences among policymakers over the inflation outlook and the need for further rate increases.
US stocks ended lower on Wednesday as Treasury yields remained elevated. The Dow Jones Industrial Average declined 0.66%, while the S&P 500 and Nasdaq Composite both fell 0.22%.
In Europe, concerns over France's fiscal position added to market pressure. Bank of France Governor Emmanuel Moulin said the country's economic situation was serious, citing higher borrowing costs, a large budget deficit and political uncertainty over the 2027 budget. He said France did not currently need intervention from the European Central Bank and that the country needed to address its fiscal problems domestically.
Investors will now focus on the upcoming third-quarter earnings season, while Treasury yields, oil prices, geopolitical developments and expectations for further Fed rate hikes are likely to remain key drivers for global equity markets.
Powered by Capital Market - Live News
News source: Capital Market - Live News