Stock market prediction for Thursday, 8 October, 2026: The Indian stock market is likely to open on a negative note, as GIFT Nifty signalled a muted opening on Thursday, 8 October.
Meanwhile, Asian markets continued to trade lower on Thursday, while US stock futures had a down day mid week on Wednesday.
Indian stock markets ended lower on Wednesday, snapping a two-session winning streak, after the Reserve Bank of India raised its key policy rate for the first time in nearly four years. The 30-share BSE Sensex declined 429.11 points, or 0.59%, to close at 72,638.70, with 26 constituents ending in the red and only four advancing.
The Sensex came under further pressure during the session, falling as much as 599.09 points, or 0.81%, to hit an intraday low of 72,468.72. The NSE Nifty also declined 173.05 points, or 0.76%, to settle at 22,603.05.
“Markets reversed the recent gains on Wednesday and ended lower amid volatility, weighed down by a combination of domestic and global factors. After a weak opening and an initial recovery attempt, the benchmark indices failed to sustain their gains and oscillated within a narrow range. The Nifty closed at 22,603.05, down 0.76%, while the Sensex settled at 72,638.70, lower by 0.49%,” said Ajit Mishra, SVP – research, Religare Broking.