Stock Market Today Live Updates: BSE Sensex tumbles over 750 points, NSE Nifty slips below 22,400 mark

The outlook for Indian equities remains cautious after the RBI raised its repo rate to 5.50 per cent, tightening domestic financial conditions at a time when global markets are already contending with elevated Treasury yields and geopolitical uncertainty. Tighter domestic financial conditions and a fragile global risk backdrop could keep investors defensive .Stock market today: Sensex trades in red but these stocks buck the trend IT stocks led the gainers on the BSE Sensex, with TCS emerging as the top performer. TCS rose 2.21% to Rs 2,130.10, followed by Tech Mahindra, which gained 1.99% to Rs 1,518.75. Infosys advanced 1.74% to Rs 1,009.35, while HCL Technologies climbed 1.69% to Rs 1,203.75. Trent was also among the notable gainers, rising 1.26% to Rs 2,924.30. Titan gained 0.34% to Rs 4,395.10, while Sun Pharma was up 0.21% at Rs 1,787.00..Stock market today: Sensex plunges over 200 points, Nifty50 trades below 22,600 Dalal Street began the session on a negative note, with both benchmark indices, the Sensex and Nifty, trading in the red for the second consecutive session. The BSE Sensex opened at 72,429.63, down 209.07 points or 0.29%, while the NSE Nifty stood at 22,528.05, declining 75 points or 0.33%..Stock market today: Top stock recommendations for October 8 GAIL, and IndiGo (Interglobe Aviation) are the top stocks to buy today (October 8, 2026), while Hindustan Zinc is a sell call, according to Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth. He has also shared his target prices and stop loss levels, along with views on Nifty and Bank Nifty..Stock market today: RBI rate hike shifts policy stance towards calibrated tightening The RBI raised its benchmark interest rate by 25 basis points to 5.50%, marking its first rate increase in nearly four years. The six-member Monetary Policy Committee voted unanimously for the increase. Alongside the rate hike, the central bank shifted its stance to “calibrated tightening”, with Governor Sanjay Malhotra indicating that rate cuts were off the table in the near term. He said future policy action could be a rate hike or a pause depending on evolving conditions and the outlook. The move came as inflation concerns and currency weakness prompted a change in the policy direction. The RBI’s decision followed its previous rate-cut cycle in 2025, after keeping the repo rate unchanged through 2023-24. The latest increase marked a reversal from the earlier easing phase..Stock market today: Where are BSE Sensex and NSE Nifty50 headed? Dalal Street is expected to open slightly lower after the previous session’s decline, with the RBI’s rate decision and rising oil prices remaining key factors in the market backdrop. GIFT Nifty futures were at 22,600.5, indicating a weaker start for the Nifty 50, which had closed at 22,603.05 in the previous session. The RBI had raised the repo rate by 25 basis points to 5.5% and changed its stance from “neutral” to “calibrated tightening”. The move came amid higher inflation concerns linked to rising oil prices. Investors were also set to track Tata Consultancy Services as it began the September-quarter earnings season for large companies. Foreign investors had sold Rs 6,121.37 crore of Indian shares in the previous session, according to provisional data..Stock market today: Oil holds firm beyond $100 per barrel as Middle East supply concerns persist Brent crude, the global oil benchmark, rose as supply concerns intensified amid increased attacks on vessels in the Gulf and the Strait of Hormuz. Brent was trading at $101.50 a barrel, up $1.32 or 1.32%, while US West Texas Intermediate crude stood at $89.28, gaining $1 or 1.13%. The latest rise came despite a decline in prices during the previous session after the International Energy Agency agreed to speed up the release of oil stocks and prioritise diesel supplies. Shipping through the Strait of Hormuz remained a concern, with the route having handled shipments equivalent to about 20% of global oil and fuel supplies before the war. Tanker attacks through the Strait reached their highest level last week for any week since the conflict began, leaving crude shipments facing higher costs and risks for cargoes and crew..Stock market today: Rupee fell 40 paise to 96.75 against dollar Rupee weakened 40 paise to close at 96.75 against the US dollar after the RBI raised the benchmark policy rate by 25 basis points to 5.5%. The currency opened at 96.37 and traded in a range of 96.34-96.84 before settling at 96.75, compared with its previous close of 96.35. The dollar index was trading at 102.28, up 0.45%. According to Dilip Parmar, senior research analyst at HDFC Securities, the rupee recorded its second-weakest close and trailed most Asian peers following the RBI’s hawkish note and renewed inflation concerns. Parmar said a rebound in crude oil prices and risk aversion added pressure on the currency. He identified 96.97 as resistance for USD-INR, with support at 96.30..Stock market recap: Stock market ends lower after RBI rate hike BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment. The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher. The index had declined as much as 599.09 points, or 0.81%, to 72,468.72 during the session. The NSE Nifty declined 173.05 points, or 0.76%, to 22,603.05. Rising crude oil prices and persistent foreign fund outflows also affected sentiment. Among Sensex stocks, Titan, Bharat Electronics, Asian Paints, Infosys, Larsen & Toubro and Adani Ports were among the major laggards, while Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and Bajaj Finance gained.