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Sensex, Nifty fell on Fed, RBI concerns

Indian benchmark indices traded lower on October 08, 2026, tracking weak global cues after the US Fed signaled another rate hike this year, while the RBI's hawkish stance further dampened investor sentiment. Except for IT, all other sectoral indices were trading in the red. At 2.25 pm, Sensex slipped 1.75% or 1175 points to 71,458. Nifty dipped 1.62% or 399 points to 22,206.

Global News-

Asian shares slid as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

European markets traded lower as investors remained cautious following hawkish central bank signals, rising bond yields, and persistent inflation concerns