Stock Market Update 7 October 2026: Sensex Dropped Over 400 Pts; Nifty 50 Close To 22,600 In Early Trading

The Indian stock market indices opened lower and continued to trade in the red during early trading on Wednesday, 7 October 2026.

At around 10:07 AM:

• The Sensex was down by 429.73 points (0.59%) to trade at 72,638.08.

• The Nifty 50 was down by 167.35 points (0.73%) to trade at 22,608.75.

On Tuesday, 6 October 2026, the benchmark indices closed in the positive for the second consecutive session. At the closing bell, the Sensex stood at 73,067.81, up 0.95%. The Nifty 50 stood at 22,776.10, up 0.98%.

How Are Other Indices Performing?

Apart from the Sensex and the Nifty 50, other broader indices also traded in the red during early trading on Wednesday.

At around 10:07 AM, Bank Nifty was down 273.00 points (0.50%) to trade at 54,855.40. The Nifty Financial Services index was also down by about 120 points (0.48%) at 24,826.15.

All sectoral indices also traded in the red.

• Nifty Auto was down 1.12%.

• Nifty FMCG was down 0.71%.

• Nifty PSU Bank was down 0.61%.

• Nifty Realty was down 0.56%.

• Nifty Commodities was down 0.99%.

• Nifty Private Bank was down 0.32%.

• Nifty Metal was down 1.38%.

• Nifty Pharma was down 0.24%.

• Nifty IT was down 0.73%.

Top Gainers And Losers

Here are the top gainers and losers on Nifty, as of 10:17 AM, on Wednesday:

What About The Global Markets?

Global markets were mostly bearish on Wednesday:

• S&P 500 futures were little changed as of 11:56 AM Tokyo time.

• Nikkei 225 futures (OSE) fell 0.7%.

• Japan’s Topix fell 0.6%.

• Australia’s S&P/ASX 200 was little changed.

• Hong Kong’s Hang Seng fell 0.7%.

• Euro Stoxx 50 futures fell 0.7%.

Other Important Updates

• Gold holds steady: Gold prices remained steady on Wednesday as investors await results from the latest US Fed meeting.

• Oil prices rise: Global crude oil rebounded sharply on Wednesday as supply concerns intensified due to a storm approaching the US oil-producing regions.

• Rupee opens flat: The Indian rupee opened flat at 96.42 per US dollar on Wednesday. The previous close was also at 96.42.

• US stocks rise: US stocks ended higher on Tuesday as oil prices steadied and US treasury yields eased.

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