Nifty Extends Losses for 4th Session Amid Macro Headwinds
By ThePip Desk
Nifty closes lower for the fourth straight session as supply disruptions, rainfall deficits, and heavy foreign fund outflows weigh on Indian equities.
Indian equity benchmark Nifty extended its losses for a fourth consecutive session on Thursday, closing sharply lower amid multiple macroeconomic headwinds. The index opened on a negative note as concerns over prolonged supply disruptions linked to the West Asia region weighed heavily on market sentiment.
Key Market Figures
- Nifty October 2026 futures closed at 22520.00 LTP on Thursday.
- Futures settled at a premium of 98.05 points over spot closing.
- Spot Nifty closed at 22421.95 on Thursday, October 1, 2026.
- Foreign Institutional Investors offloaded Indian equities worth Rs 10,148.41 crore on September 30, 2026.
Caution intensified across trading desks after the India Meteorological Department stated that India received 87.4% of its long-period average rainfall during the southwest monsoon season from June to September. This recorded a rainfall deficit of about 13% between June 1 and September 30. Selling pressure amplified in the second half of the session as sustained foreign fund outflows continued to dampen investor confidence.
Sectoral Performance And Range
- Top F&O gainers included MphasiS, Coforge, and Siemens Energy India.
- Top F&O losers featured PB Fintech, Bajaj Auto, and UNO Minda.
- Index option segment maximum open interest remains concentrated in 23400 – 23600 calls and 22900 – 23100 puts.
Most sectoral indices finished the session in negative territory with the notable exception of IT stocks. Despite a late recovery attempt in the final leg of the trading day, the benchmark eventually settled near the 22,400 mark. Market participants continue to watch the 23400 to 23600 calls and 22900 to 23100 puts range expectations as consolidation persists.