Morning Brief: Nifty Falls 0.76% to 22,603 as RBI Hikes Repo Rate to 5.5% | 08 Oct 2026, 08:15 AM IST
By ThePip Desk
Nifty slips to 22,603 amid RBI’s 25 bps rate hike and persistent FII outflows. Markets react to inflation concerns and global geopolitical tensions.
Indian equity markets snapped a two-day winning streak on Wednesday, as the Reserve Bank of India (RBI) raised the key repo rate by 25 basis points to 5.50% in a unanimous move by the Monetary Policy Committee. The decision, aimed at curbing persistent inflation amid ongoing West Asia tensions, triggered broad-based selling across sectors.
Market Snapshot
| Index | Last |
|---|---|
| Nifty 50 | 22,603.05 (-0.76%) |
| Nifty Bank | 55,055.55 (-0.13%) |
| Nifty Midcap 100 | 59,382.60 (-0.63%) |
Institutional Flows
Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth Rs 6,121.37 crore on Wednesday. Domestic Institutional Investors (DIIs) provided support with net buying of Rs 4,596.57 crore.
| Date | FII Net | DII Net |
|---|---|---|
| 07 Oct 2026 | -6,121.37 | 4,596.57 |
| 06 Oct 2026 | -2,961.30 | 5,088.92 |
| 01 Oct 2026 | -9,484.22 | 10,041.84 |
Sector Performance
| Sector | Last |
|---|---|
| Nifty PSU Bank | 8,088.70 (+1.00%) |
| Nifty Financial Services | 24,916.40 (-0.12%) |
| Nifty Pharma | 26,436.55 (-0.43%) |
| Nifty FMCG | 44,800.85 (-0.89%) |
| Nifty IT | 27,757.85 (-1.34%) |
| Nifty Auto | 25,138.90 (-1.58%) |
| Nifty Realty | 822.60 (-1.77%) |
Top Movers
| Symbol | Company | Last |
|---|---|---|
| KOTAKBANK | Kotak Mahindra Bank | 440.00 (+1.88%) |
| BSE | BSE Ltd. | 3,356.00 (+1.54%) |
| TITAN | Titan Company | 4,377.00 (-3.80%) |
| ADANIENT | Adani Enterprises | 2,743.00 (-3.75%) |
Corporate Highlights
- Tata Power has partnered with Ocean Sun to pilot membrane-based floating solar technology at the Mulshi reservoir.
- Takyon Networks secured an order worth Rs 2.56 crore from Indian Railways, to be executed within nine months.
- Shalibhadra Finance is scheduled to meet on October 13 to consider raising funds via Non-Convertible Debentures (NCDs).
The RBI’s shift to a stance of calibrated tightening marks a significant pivot in monetary policy, directly impacting market sentiment as investors adjust to higher borrowing costs.
With FIIs net selling over Rs 6,000 crore in a single session, the market’s ability to absorb liquidity shocks remains the primary test for the current bull cycle.