Indian equities opened the October quarter on a weak note as the Sensex today settled 570.59 points, or 0.79%, lower at 71,909.70 and the Nifty 50 fell 198.50 points, or 0.88%, to 22,421.95. The shortened week closed with an eighth straight weekly decline — the longest such streak in about 25 years — after autos led sectoral losses and foreign institutional investors kept selling.
Autos drag, IT cushions a late recovery
Benchmarks hit steep intraday lows — the Sensex near 71,293 and the Nifty near 22,217 — before selective buying in information-technology stocks trimmed the damage into the close. Nifty Auto dropped about 3.5%, while FMCG and metal indices each lost more than 2%. Bank Nifty fell a milder 0.33%. The rupee weakened to a two-month low against the dollar, Brent crude stayed elevated near triple-digit levels, and US Treasury yields around 5.3% kept global risk appetite subdued. The slide builds directly on the third-day fall on 30 September, when the Sensex had already closed at 72,480.
For the week, the Sensex shed roughly 2.6–2.7% and the Nifty more than 3%, their steepest weekly declines in several months. India VIX jumped as volatility returned to the front month. Markets will remain closed on Friday, 2 October, for Gandhi Jayanti, giving traders a long weekend to digest the breakdown below key moving averages.
What the eight-week slide means for October
Brokers said the Nifty has slipped below major long-term supports near the 200-week averages around 22,600–22,400, reinforcing a bearish setup until crude, yields and FII flows stabilise. Breadth was poor, with mid- and small-cap indices also deep in the red. Session details are in Moneycontrol.
Support levels traders are watching
Strategists flag 22,180–22,400 as near-term Nifty support and are waiting for the RBI’s October policy review; see also our note on rate-hike odds if oil stays high.
This report is for information only and is not investment advice.
Today’s News 1 Oct 2026 · 21 stories
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2Fire guts Jaipur garment factory in Mansarovar RIICO; state stays dryOct 1, 2026
3CM Bhajanlal launches ₹1,277 crore Shekhawati projects, pushes Yamuna waterOct 1, 2026
4Burglars steal 251 luxury watches worth ₹3 crore from Jaipur Rado storeOct 1, 2026
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6Jaipur Walled City may lose UNESCO tag without action by December: HCOct 1, 2026
7Both India hockey teams in Asian Games finals for first time since 1998Oct 1, 2026- 8Asian Games: India reach 65 medals as sailing, wrestling add silver on finals dayOct 1, 2026
9Shubman Gill’s fastest ODI double ton seals India’s record 406 chase vs WIOct 1, 2026- 10Ishan Kishan’s 80 steers India into Asian Games cricket final against PakistanOct 1, 2026
11India beat Pakistan 4–3 in Asian Games hockey semis as Abhishek strikes lateOct 1, 2026
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- 14IISc Bengaluru ranks 254th in THE World University Rankings 2027Oct 1, 2026
15Apple Pay launches in India with Axis Bank Visa and Mastercard cardsOct 1, 2026- 16ECI drops Form 6 SIR declaration in finalised states as Rahul presses TCS questionsOct 1, 2026
- 17Iran warns UAE of ‘highly dangerous consequences’ after Netanyahu visitOct 1, 2026
- 18British Sikh activist Jagtar Singh Johal released after nine years in Delhi jailOct 1, 2026
19Modi and Murmu praise Captain Smit Machchhar after Flydubai cockpit crisisOct 1, 2026- 20Modi speaks to Trump on trade, defence and energy amid Russia sanctions concernsOct 1, 2026
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