On Thursday, 8 October, the 30‑share BSE SENSEX fell 1,045.46 points or 1.44% to close at 71,593.24, while the 50‑share NIFTY dropped 371.25 points or 1.64% to end at 22,231.80. The indices closed in negative territory, with the SENSEX intraday low hitting 71,327.75 and the NIFTY touching a 52‑week low of 22,179.90. The market experienced a broad‑based sell‑off, reflecting weak global cues, soaring U.S. bond yields, and a surge in global crude oil prices above $102 a barrel.

Ankur Punj, Managing Director of Equirus Wealth, attributed the downturn to the global market sell‑off, noting that soaring U.S. bond yields and a sharp spike in international crude oil prices pushed the benchmark Nifty to a fresh 52‑week low. He added that intense FII selling of domestic shares and anticipated further RBI rate hikes were sending jitters to local investors, as higher interest rates would hurt long‑term growth prospects. The combination of these factors weighed heavily on market sentiment.

Foreign institutional investors sold shares worth ₹6,121.37 crore on Wednesday, while domestic institutional investors purchased equities worth ₹4,596.57 crore on a net basis, according to exchange data. This net outflow from FIIs contributed to the market decline. Meanwhile, the SENSEX and NIFTY indices recorded their largest intraday drops of 1.8% and 1.9% respectively, underscoring the severity of the sell‑off across the market.

Among the top losers on the NIFTY50 were Adani Enterprises Ltd (AEL) which fell 5.36%, JSW Steel down 4.46%, ITC Ltd down 4.03%, Max Healthcare Institute down 3.81% and InterGlobe Aviation (IndiGo) down 3.55%. ITC shares fell amid reports of a large block deal worth over ₹9,000 crore, with a block deal of approximately ₹9,400 crore taking place. A foreign long‑only fund bought about one‑third of the block, while mutual funds such as Nippon India, ICICI Prudential, SBI, Kotak and Aditya Birla Capital acquired the remaining shares.

The NIFTY Midcap 100 index ended 2.53% lower at 57,882.50, with Jubilant Foodworks falling 7.16% and other laggards including Tube Investments of India (-6.16%), One 97 Communications (-5.23%), Motilal Oswal Financial Services (-5.02%) and Suzlon Energy (-4.98%). Paytm shares declined amid reports that traders and industry associations sought a deferment of the MDR rollout from October 15 to January 2027, though no official confirmation has been made. On the upside, LIC Housing Finance rose 4.19%, ICICI Lombard General Insurance 2.14%, Tata Communications 1.53%, SRF Ltd 1.02% and MphasiS 0.63%.

The NIFTY Smallcap 100 closed at 19,050.10, down 456.85 points or 2.34%. The top losers were Inox Wind (-6.96%), Wockhardt (-5.88%), Amber Enterprises (-5.34%), Aegis Logistics (-5.29%) and Chennai Petroleum Corporation (-5.17%). The top gainers included Cupid (3.72%), IFCI (3.22%), PNB Housing Finance (1.68%), Firstsource Solutions (1.62%) and CreditAccess Grameen (1.48%). The report is purely informational and not investment advice; investors should consult a financial advisor before making decisions.