Nifty 50 Daily Wrap — 8 Oct 2026: Drops 1.64%
MarketPulse Summary: Nifty 50 dropped 371.25 points to close at 22,231.80 . 3 advances vs 47 declines.
📊 Key Numbers
📈 Sectors
| Sector | Change |
|---|---|
| IT | -0.08% |
| Pvt Bank | -0.91% |
| Banking | -0.98% |
| Financial Services | -1.11% |
| PSU Bank | -1.15% |
| FMCG | -2.02% |
| Consumption | -2.15% |
🚀 Gainers
| Stock | LTP | % |
|---|---|---|
| INFY | ₹997.00 | +0.50% |
| TECHM | ₹1,496.20 | +0.34% |
| AXISBANK | ₹1,245.00 | +0.20% |
📉 Losers
| Stock | LTP | % |
|---|---|---|
| ADANIENT | ₹2,596.00 | -5.36% |
| JSWSTEEL | ₹1,175.20 | -4.46% |
| ITC | ₹255.00 | -4.03% |
| MAXHEALTH | ₹873.40 | -3.81% |
| INDIGO | ₹4,813.10 | -3.55% |
📝 Wrap
Market Summary — 08 Oct 2026
The mood turned sharply bearish as the Nifty 50 plunged 371 points to close at 22,231.8 — a steep 1.64% drop. Breadth was brutal: only 3 stocks rose while 47 fell, showing widespread selling pressure across the board.
IT was the lone relative shelter, down just 0.08%, with Infosys (+0.5% to ₹997) and Tech Mahindra (+0.34%) topping the gainers list. This defensive rotation hints at investors fleeing to steadier earnings visibility amid the rout.
The damage was concentrated in metals and FMCG. Adani Enterprises crashed 5.36% (₹147) to ₹2,596, while JSW Steel sank 4.46% — both hit by weak global commodity cues and China demand worries. ITC tumbled 4.03% to ₹255 on heavy volume of over 5 crore shares, dragging the FMCG pack down 2.02%. Even typically resilient private banks couldn't escape, with Axis Bank's meagre 0.2% gain looking like an outlier in a 0.91% sector decline.
Metal stocks led the sectoral carnage at -3.55%, confirming global growth anxiety is spilling into domestic cyclicals.
Data from NSE, 3:30 PM IST. Not investment advice.