Nifty 50 opens from 22231.8 after a 1.64% decline

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 96.77, rupee weaker by 0.41% on the session
• India VIX: 15.27 (+10.0%)
• Gold (rupee terms): -0.12% on the session, -0.4% over five sessions

Key drivers

Markets

• Why is market crashing today? Sensex slumps 700 points, Nifty below 22,400. 7 key factors behind Rs 7 lakh crore wipeout. On Thursday, there was a notable decline in the Indian stock market, marked by a drop of over 1% in both Sensex and Nifty. This downturn was attributed to the RBI's tightening policies and ongoing selling by foreign institutional investors. (Economic Times Markets)
• TCS, Infosys, HCL Tech, other IT stocks jump up to 3% despite weak market sentiment. What to expect as Q2 earnings season begins?. IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. (Economic Times Markets)
• Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL. On Thursday, the financial markets took a hit, plummeting by almost 1.5% due to robust selling pressure. The Nifty index wavered near its April 2026 low, suggesting ongoing vulnerabilities. (ET Stocks)
• Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers. All the sectoral indices witnessed selling, with Nifty Metals, Nifty Realty, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty FMCG indices falling the most. (NDTV Profit)

Read more Why is market crashing today? Sensex slumps 700 points, Nifty below 22,400. 7 key factors behind Rs 7 lakh crore wipeout · TCS, Infosys, HCL Tech, other IT stocks jump up to 3% despite weak market sentiment. What to expect as Q2 earnings season begins? · Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL · Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers

Economy & policy

Economy and policy

• BT BIG STORY: Why forex reserves fell $50 bn in a month despite record FCNR(B) inflows. RBI Governor Sanjay Malhotra said markets can be irrational in the short term and that the rupee may be undervalued. (Business Today Mkts)
• Jane Street says Sebi shifted goalposts; regulator rejects document demand. Jane Street seeks order logs and counterparty details to defend itself in the market manipulation case, while Sebi argues that it has disclosed all material relied upon so far (BS Companies)
• Loans get costlier: PNB, BOB others hike rates after RBI’s 25-bps repo rate hike. Higher lending rates may help bank yields initially, but rising funding costs and weaker demand could limit the benefit while pressuring rate sensitive sectors. (Business Today Mkts)
• What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals. "The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. (ET Stocks)

Read more BT BIG STORY: Why forex reserves fell $50 bn in a month despite record FCNR(B) inflows · Jane Street says Sebi shifted goalposts; regulator rejects document demand · Loans get costlier: PNB, BOB others hike rates after RBI’s 25-bps repo rate hike · What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals

Companies

• TCS Q2 Results 2026 out: Revenue up 11.20% YoY, net profit stood at ₹13,884 cr | ₹12 per share dividend declared. TCS Q2 Results 2026: Company's Q2 Revenue stood at ₹73,188 crore, up 11.2% YoY in the Indian Rupee terms (LiveMint Markets)
• JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore. Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI Capital Markets led the transactions during this period. (Economic Times Markets)
• AMFI Rejig: Lenskart, LG Electronics, Siemens Energy among 6 stocks set for largecap upgrade. Nuvama expects Bosch, Siemens Energy, Lodha, Zydus Life, Lenskart and LG Electronics to potentially enter large-cap category in AMFI’s February 2027 reclassification. (LiveMint Markets)
• INR vs USD: Rupee near 97/dollar; how TCS, Sun Pharma, Tata Steel, SRF may gain from weaker currency? Experts explain. INR vs USD: According to analysts, a weaker rupee is a clear macroeconomic headwind for India because the country remains heavily dependent on imported crude oil and several other commodities. (LiveMint Markets)

Read more TCS Q2 Results 2026 out: Revenue up 11.20% YoY, net profit stood at ₹13,884 cr | ₹12 per share dividend declared · JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore · AMFI Rejig: Lenskart, LG Electronics, Siemens Energy among 6 stocks set for largecap upgrade · INR vs USD: Rupee near 97/dollar; how TCS, Sun Pharma, Tata Steel, SRF may gain from weaker currency? Experts explain

Companies

New issues

• Vishal Nirmiti shares list at 2% discount over IPO price on NSE, BSE. The weak debut suggests strong subscription demand did not translate into listing gains, keeping attention on execution and post listing price discovery. (Economic Times Markets)
• Shadowfax Technologies shares jump 137% from IPO price; ICICI Securities sees 15% upside | Should you buy?. ICICI Securities raised its Shadowfax target price to ₹330 from ₹280, retaining an Add rating after the shares climbed 137% from their IPO. (LiveMint Markets)
• 6 SME IPOs to list today: EverestIMS, Dove Soft, Eventions among issues making debut. Six SME IPOs — Omara Ventures India, Sollfege Smart Electronics, Eventions, SJP Ultrasonics, Dove Soft and EverestIMS Technologies — will list on the stock market on October 8, having collectively raised around Rs 247 crore. (Economic Times Markets)
• New IPO listings today: Discount or premium and gains? Vishal Nirmiti vs Nityas Gems - Check worst and best. Nityas Gems & Jewellery debuted positively on 8 October, listing at a 9% premium over its IPO price. The shares were locked in a 5% upper circuit, trading over 14% higher. (LiveMint Markets)

Read more Vishal Nirmiti shares list at 2% discount over IPO price on NSE, BSE · Shadowfax Technologies shares jump 137% from IPO price; ICICI Securities sees 15% upside | Should you buy? · 6 SME IPOs to list today: EverestIMS, Dove Soft, Eventions among issues making debut · New IPO listings today: Discount or premium and gains? Vishal Nirmiti vs Nityas Gems - Check worst and best

Currency, commodities & rates

World

• US Market: Jeff Bezos signals Blue Origin IPO could launch in coming years. Blue Origin's funding and possible listing may lift global space sector benchmarks, but immediate implications for Indian listed companies remain indirect. (Economic Times Markets)
• India 0-4 Russia: Blue Tigresses Suffer Heavy Defeat In Kolkata. India's young side faced a tough test against Russia and eventually went down 4-0 in Kolkata. (NDTV Profit)
• Amazon makes fresh job cuts across several teams in US, UK, India. The reductions may signal softer corporate spending, with indirect implications for Indian staffing, technology services, office real estate and urban consumption. (Business Today Mkts)
• Trump’s new $70,000 OPT fee could reshape US jobs path for Indian students. What changes?. The proposal may alter US hiring economics for international graduates, with mixed implications for Indian IT delivery, staffing and education linked businesses. (Business Today Mkts)

Read more US Market: Jeff Bezos signals Blue Origin IPO could launch in coming years · India 0-4 Russia: Blue Tigresses Suffer Heavy Defeat In Kolkata · Amazon makes fresh job cuts across several teams in US, UK, India · Trump’s new $70,000 OPT fee could reshape US jobs path for Indian students. What changes?

What matters next