The Nifty 50 closed at 22216.00, down 1.71% on Thursday, 08 October 2026. A sharp decline in midcap stocks and heavy FII outflows weighed on market sentiment.
Market Overview
Indian equity markets witnessed a sharp correction on Thursday, 08 October 2026, as the Nifty 50 index settled at 22216.00, reflecting a decline of −387.05 (−1.71%). The Nifty Bank index also faced selling pressure, closing at 54482.30, down −573.25 (−1.04%). The broader market sentiment remained weak, with the NIFTY Midcap 100 index dropping −1423.95 (−2.40%).
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22216.00 | −387.05 | −1.71% |
| Nifty Bank | 54482.30 | −573.25 | −1.04% |
| NIFTY Midcap 100 | 57958.65 | −1423.95 | −2.40% |
Corporate Updates and Movers
Amidst the widespread decline, select IT stocks managed to hold ground. Infosys Ltd. gained +0.50% following a strategic collaboration with Columbia University and an extended partnership with ABN AMRO Bank. HCL Technologies Ltd. also saw a marginal gain of +0.10%, supported by the launch of new Industry AI Solutions and a regional headquarters in South Africa. Conversely, Adani Enterprises Ltd. led the losers, falling −5.58%.
| Top Losers | Close | Change % |
|---|---|---|
| Adani Enterprises Ltd. | 2590 | −5.58% |
| JSW Steel Ltd. | 1179.2 | −4.13% |
| Max Healthcare Institute Ltd. | 871.7 | −4.00% |
Institutional Activity
Foreign Institutional Investors (FII) continued their selling streak, offloading ₹6121.37 crore on 07 October 2026, while Domestic Institutional Investors (DII) provided support with a net purchase of ₹4596.57 crore.
