{"id":71072,"date":"2026-10-13T15:15:08","date_gmt":"2026-10-13T09:45:08","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=71072"},"modified":"2026-10-13T15:15:11","modified_gmt":"2026-10-13T09:45:11","slug":"stock-market-today-sensex-falls-over-100-points-nifty-slips-below-22350-nifty-it-gains-2","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/stock-market-today-sensex-falls-over-100-points-nifty-slips-below-22350-nifty-it-gains-2\/","title":{"rendered":"Stock Market Today: Sensex Falls Over 100 Points, Nifty Slips Below 22,350; Nifty IT Gains 2%"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">The Indian stock market witnessed selling pressure on October 8, 2026, as the Sensex and Nifty declined amid rising crude oil prices, concerns over inflation and the Reserve Bank of India&#8217;s tighter monetary policy. The Nifty slipped below 22,350, while the Nifty IT index gained around 2%, showing that technology stocks were moving against the broader market trend. The contrasting performance highlights how sector-specific earnings expectations can influence stocks even when overall investor sentiment remains weak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stock Market Today: What Happened to the Sensex and Nifty?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Indian benchmark indices remained under pressure as investors weighed domestic economic concerns against the upcoming September-quarter earnings season.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Sensex fell sharply during intraday trading, while the Nifty 50 moved below the 22,350 level. Selling pressure reflected concerns about expensive crude oil, foreign investor outflows and the potential impact of higher interest rates on corporate earnings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The weakness was not limited to a single sector. Investors were reassessing risk across the market, particularly in businesses that could face higher borrowing costs, rising input expenses or slower consumer demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the IT sector offered a different picture. Technology stocks attracted buying interest ahead of quarterly earnings announcements, helping the Nifty IT index outperform the broader benchmarks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Is the Stock Market Falling?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Several factors contributed to the weakness in Indian equities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Rising crude oil prices<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Higher crude oil prices are a concern for India because the country imports a large share of its oil requirements. When global oil prices rise, the cost of imports can increase, putting pressure on the trade balance and the rupee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Expensive crude can also raise transportation, manufacturing and logistics costs. Companies may struggle to pass these expenses on to customers, which can affect profit margins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recent geopolitical tensions pushed oil prices higher, adding to uncertainty in the market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. RBI&#8217;s tighter monetary policy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India raised its policy repo rate by 25 basis points to 5.5% in October and adopted a calibrated tightening stance amid inflation concerns.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Higher interest rates can increase borrowing costs for companies and households. They can also make fixed income investments relatively attractive compared with equities, potentially reducing demand for stocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For sectors such as banking, automobiles and real estate, the effect can be particularly important because borrowing costs influence loan demand, financing expenses and consumer spending.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Foreign investor selling<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign institutional investors have been reducing their exposure to Indian equities amid concerns about global economic conditions, higher bond yields and the relative performance of Indian markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sustained foreign selling can put pressure on benchmark indices because overseas funds hold significant positions in large Indian companies. Domestic institutional buying may cushion the decline, but it does not always offset the selling completely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Weak global market sentiment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Developments in international markets also affect Indian equities. Rising global bond yields, geopolitical uncertainty and concerns about inflation can encourage investors to reduce exposure to riskier assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When global investors become cautious, emerging markets such as India may experience capital outflows, currency pressure and increased volatility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Is the Nifty IT Index Rising Despite Market Weakness?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty IT index gained around 2% while the broader market declined, supported by investor interest ahead of quarterly earnings and expectations of better performance from selected technology companies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IT stocks can sometimes outperform during a weak market because investors respond to company-specific developments rather than following the broader trend.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">HCLTech and TCS attract buying interest<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investors were focusing on quarterly results from major IT companies, including Tata Consultancy Services (TCS) and HCLTech. Stronger-than-expected earnings or encouraging management commentary can improve sentiment towards the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Technology companies also earn a substantial portion of their revenue from overseas clients. A weaker rupee can increase the value of foreign currency revenue when converted into Indian rupees, although currency movements can also affect costs and hedging outcomes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, a rally in the Nifty IT index does not mean every IT stock will rise. Revenue growth, client spending, wage expenses, artificial intelligence adoption and future guidance remain important factors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Did the Market Perform at the Close?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The broader market remained under pressure on October 8, 2026. The Sensex closed at 71,593.24, down 1,045.46 points or 1.44%, while the Nifty 50 settled at 22,231.80, losing 371.25 points or 1.64%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This closing performance shows that the weakness extended beyond the initial decline. IT stocks provided some relative support during the session, but buying in the sector was not enough to offset selling across the broader market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Should Investors Watch Next?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investors should monitor a few important developments before drawing conclusions about the market&#8217;s next move.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude oil prices: A sustained rise could increase inflationary pressure and affect corporate margins.<\/li>\n\n\n\n<li>RBI policy signals: Further changes in interest rate expectations could influence equity valuations and borrowing costs.<\/li>\n\n\n\n<li>Quarterly earnings: Revenue growth, operating margins and management guidance will help determine whether companies can withstand economic pressure.<\/li>\n\n\n\n<li>Foreign investor flows: Continued selling may keep benchmark indices volatile.<\/li>\n\n\n\n<li>Nifty support levels: Traders will watch whether the index stabilises after slipping below 22,350 and whether buying interest returns at lower levels.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Investors should avoid making decisions based only on intraday movements. A sector rally can occur during a broader correction, and short-term price action does not necessarily indicate a lasting change in market direction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The decline in the Sensex and Nifty reflected concerns about rising crude oil prices, tighter monetary policy, foreign investor selling and global uncertainty. The Nifty IT index gained around 2% as technology stocks attracted buying interest ahead of quarterly earnings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key takeaway is that the market was showing a clear difference between broad economic concerns and sector-specific optimism. Investors should track earnings, oil prices, interest rate expectations and foreign fund flows to understand whether the weakness continues or market sentiment improves.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. Why did the Sensex fall on October 8, 2026?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Sensex declined amid rising crude oil prices, inflation concerns, the RBI&#8217;s tighter monetary policy and foreign investor outflows. These factors increased uncertainty about corporate earnings and economic growth, encouraging investors to reduce exposure to equities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Why did the Nifty fall below 22,350?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty slipped below 22,350 as selling pressure increased across several sectors. Higher oil prices, global market weakness and concerns about borrowing costs weighed on sentiment. The index subsequently closed at 22,231.80 on October 8, 2026.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Why did the Nifty IT index rise when the broader market fell?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Nifty IT index gained around 2% as investors focused on quarterly earnings expectations and selected technology companies. Sector-specific developments can support IT stocks even during a broader market decline, although the performance of individual companies may differ.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. How do rising crude oil prices affect the Indian stock market?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India imports a substantial amount of its crude oil requirements. Higher prices can increase import costs, put pressure on the rupee, raise transportation expenses and contribute to inflation. These effects can reduce corporate profitability and influence investor sentiment across multiple sectors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. How does an RBI rate hike affect stock prices?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Higher interest rates can increase borrowing costs for companies and households. They may also make fixed income investments more attractive relative to equities. However, the actual market impact depends on whether the rate decision matches expectations and how it affects future economic growth and inflation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6. What is the impact of foreign investor selling on the Nifty?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign investor selling can increase supply in the equity market and put downward pressure on major stocks and benchmark indices. The impact depends on the scale of selling, domestic institutional investment and overall market liquidity. Foreign outflows can also influence currency movements and sentiment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7. Can IT stocks rise during a stock market correction?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. IT stocks can rise during a market correction if investors expect stronger earnings, better client demand or improved business outlooks. However, sector gains are not guaranteed to continue, and factors such as global technology spending, competition and AI-related changes can affect performance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">8. What should investors watch after the Nifty falls below 22,350?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investors should monitor crude oil prices, foreign investment flows, quarterly corporate results and changes in interest rate expectations. They can also watch technical support and resistance levels, but these indicators should be considered alongside company fundamentals and broader economic developments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9. Is a rise in the Nifty IT index a sign that the market will recover?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not necessarily. A sector index can rise while the broader market remains weak. A sustained market recovery generally requires broader participation, improving investor confidence and supportive economic or earnings developments. One day&#8217;s performance in IT stocks cannot confirm a wider trend reversal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">10. Should investors buy stocks when the Sensex and Nifty fall?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A market decline does not automatically make every stock attractive. Investors should evaluate business fundamentals, valuations, earnings prospects and personal risk tolerance before investing. Those with long-term goals may consider disciplined investing rather than reacting to daily price movements, while recognising that losses remain possible.<\/p>\n\n\n\n<p class=\"has-ast-global-color-5-color has-vivid-red-background-color has-text-color has-background has-link-color wp-elements-a377517bdd8f600e0c2e7efd2ef366fd wp-block-paragraph\">Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis \u2013 Research &amp; Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL &amp; certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian stock market witnessed selling pressure on October 8, 2026, as the Sensex and Nifty declined amid rising crude [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":71079,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-71072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/71072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=71072"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/71072\/revisions"}],"predecessor-version":[{"id":71083,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/71072\/revisions\/71083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/71079"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=71072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=71072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=71072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}