The Indian stock market plunged sharply on Thursday, with Sensex hitting a fresh 52-week low and Nifty breaching key technical levels as massive FII outflows, soaring bond yields and other factors spooked investors for the fourth consecutive session.
After plunging more than 1.5% each, Sensex and Nifty recovered some losses late in the afternoon, but still closed deep in the red. Sensex dropped around 571 points to close at 71,910, while Nifty 50 dropped nearly 199 points to end the session at 22,422. The selloff wiped off Rs 5 lakh crore from the total market capitalisation of all companies listed on BSE, dragging it down below Rs 467 lakh crore.
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Here's how analysts read the market pulse
"The market sell-off has been driven largely by external factors, with bond yields reaching multi-year highs and crude oil prices remaining elevated, raising concerns about the economic outlook for 2026–27. Domestically, investors are also cautious ahead of Q2 results and the upcoming RBI policy next week. Q2 earnings are expected to be softer than Q1, which benefited from the lagged impact of operating costs, which may not be as available this time. While the RBI, which was more open-minded, last policy would consider a shift in its stance in response to global inflationary pressures and the need to support the INR,” said Vinod Nair, Head of Research, Geojit Investments
“Nevertheless, it is important to note that India's economy remains resilient and is well positioned to navigate these challenges. Long-term investors may stay invested and use market weakness to accumulate gradually, while short-term investors could adopt a wait-and-watch approach until stronger measures from international institutions & the govt help restore stability in global financial markets,” he added.
US stocks
European markets
European stocks rebounded on Friday following a bond-driven selloff, as easing oil prices and weaker-than-expected US jobs data reduced expectations of near-term interest-rate hikes by the Federal Reserve. The pan-European STOXX 600 closed 0.8% higher after touching a more than three-month low on Thursday.
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Most active stocks in terms of turnover
Kotak Mahindra Bank (Rs 3,271 crore), HDFC Bank (Rs 2,679 crore), RIL (Rs 1,967 crore), BSE (Rs 1,918 crore), ICICI Bank (Rs 1,735 crore), TARIL (Rs 1,655 crore) and M&M (Rs 1,558 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 61 crore), Yes Bank (Traded shares: 8.06 crore), Kotak Mahindra Bank (Traded shares: 7.66 crore), TARIL (Traded shares: 5.73 crore), Ola Electric (Traded shares: 5.49 crore), Suzlon Energy (Traded shares: 5.32 crore) and Tata Steel (Traded shares: 4.77 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Schneider, Inox India, IDBI Bank, Welspun India, Sterlite Tech, HFCL and Mphasis were among the stocks that witnessed strong buying interest from market participants.
52-week high
Among the ones which hit their 52-week highs on NSE included Welspun India, Sterlite Tech, Syrma SGS Technologies and Cupid.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Policy Bazaar, Bajaj Auto, Chennai Petro, Ircon International, KSB, Sansera Engineering and Lloyds Metals.
52-week low
Among the ones which hit their 52-week lows on NSE included Policy Bazaar, Maruti Suzuki, Swiggy, UPL, REC, Bharti Hexacom and Ambuja Cements.
Sentiment meter favours bears
Out of the 3,707 stocks that traded on the NSE on October 1, Thursday, 1,022 stocks witnessed advances, 2,572 stocks saw declines while 113 stocks remained unchanged.
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .
