On Thursday, October 8, the Indian benchmark indices plunged, with the SENSEX falling as much as 1.8% to an intraday low of 71,327.75 and the NIFTY50 dropping 1.9% to a 52‑week low of 22,179.90. At 3:19 PM, the S&P BSE SENSEX stood at 71,461.62, a decline of 1,177.09 points or 1.62%, while the NSE’s NIFTY50 traded at 22,216, down 387.05 points or 1.71%. The sell‑off was driven by weak global cues, persistent FII outflow, a surge in global crude oil prices and the RBI’s recent repo rate hike.

Foreign institutional investors sold shares worth ₹6,121.37 crore on Wednesday, whereas domestic institutional investors bought equities worth ₹4,596.57 crore on a net basis, according to exchange data. The top losers in the NIFTY50 index included Adani Enterprises Ltd (AEL), JSW Steel, ITC, Adani Ports and Special Economic Zone, and Max Healthcare Institute. In contrast, Tata Consultancy Services, Infosys, Tech Mahindra, HCL Technologies, and Titan Company were among the top gainers, reflecting sectoral divergence amid the broader market downturn.

Shares of Fino Payments Bank rallied as much as 16.8% to hit an intraday high of ₹150.40 per unit after the bank reported a 13% year‑on‑year surge in its average total deposits to ₹2,794 crore in Q2 FY27. The bank’s renewable income rose 20% YoY to ₹28 crore in Q2 FY27, up from ₹23.3 crore in the same period last year. In Q2 FY26, the bank had recorded average total deposits of ₹2,480 crore, indicating steady growth in its deposit base.

Senco Gold’s share price gained as much as 12% to an intraday high of ₹358.8 per share after the jewellery firm announced a 29% YoY revenue growth to ₹5,000 crore at the retail level in the quarter ended 30 September 2026. The company cited 19% growth from existing stores and highlighted a highest‑ever topline of ₹5,000 crore in H1 and a landmark ₹10,000 crore sales on a TTM basis, underscoring resilience amid gold price volatility.

Tata Consultancy Services shares rose as much as 2.94% to an intraday high of ₹2,141.50 ahead of its September‑quarter (Q2 FY27) results, which are due after market hours. The company is expanding its AI capabilities and building a sizeable AI services business, while investors await clearer evidence that AI‑led demand translates into incremental revenue growth and offsets weakness in traditional IT spending.

Other notable movements included Tata Steel shares declining 2.03% to a session low of ₹172.07 as investors analysed the company’s second‑quarter business and production update, with crude steel production up 10.1% to 6.21 million tonnes in the September quarter of FY27. HDFC Bank shares fell 1.7% to an intraday low of ₹690.50 after foreign institutional investors reduced their stakeholding by 2.43% in the July‑September quarter of FY27.