Sensex and Nifty 50 | Stock Market News on 7 Oct 2026: Sensex, Nifty set for weak start as GIFT Nifty slips; US markets end lower
Sensex Today | Nifty 50 | Stock Market Live Updates: Indian benchmark indices are expected to open flat to marginally lower on Thursday as weak global cues and the RBI’s unexpected 25-basis-point repo rate hike weigh on investor sentiment. GIFT Nifty was trading around 22,541, down nearly 50 points , signaling a cautious-to-negative opening for the Nifty 50.
US markets also ended lower in the previous session, adding to the cautious mood. The Dow Jones fell 0.66% , while the S&P 500 and Nasdaq Composite declined 0.22% each , as rising Treasury yields and elevated crude oil prices revived inflation and interest-rate concerns.
Key highlights of today 🖊️
💠 Crude oil: Brent has moved above $101–102 a barrel , adding to India’s inflation and currency concerns. 💠 Rupee: The rupee slipped to around ₹96.78/$ , close to its record low, after the RBI announcement. 💠 FII selling: Foreign investors sold around ₹6,121 crore of Indian equities on October 7, while DIIs bought roughly ₹4,597 crore . 💠 Sector pressure: Metals were among the biggest losers on Wednesday, with the BSE Metal index down 2.46% , while auto stocks fell 1.41% .