Share Market Today 7 October 2026: Nifty, Sensex Fall

Mumbai, October 7, 2026: Indian stock markets closed lower on Wednesday after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50% and shifted its policy stance from neutral to calibrated tightening. The Nifty 50 and Sensex snapped their two-session winning streak, while Bank Nifty remained relatively resilient.

Nifty 50 Today

The Nifty 50 closed at 22,603.05, down 173.05 points or 0.76%. The index opened at 22,690.45, touched an intraday high of 22,717.65 and fell to a low of 22,546.30 during the session. 

Market breadth was weak, with only 9 of the 50 Nifty stocks closing higher, while 41 declined.

Sensex Today

The BSE Sensex ended at 72,638.70, declining 429.11 points or 0.59%. The index opened at 72,965.38 and touched an intraday low of 72,468.72. 

Bank Nifty Today

The Nifty Bank closed at 55,055.55, down 72.85 points or 0.13% from its previous close of 55,128.40.

Bank Nifty traded between 54,636.20 and 55,340.70 during the session. Its relatively small decline compared with the broader market showed resilience in banking stocks. 

Top 10 Gainers on October 7, 2026

Among the NSE F&O stocks tracked by TBTflow, these were the top gainers:

Bank of Maharashtra was the strongest performer in the tracked F&O list, gaining 4.15%. Kalyan Jewellers and Union Bank also posted gains of more than 2.5%. 

Among Nifty 50 stocks, Kotak Mahindra Bank was the top gainer, rising 1.88%, followed by BSE at 1.54% and Bharti Airtel at 1.29%. 

Top 10 Losers on October 7, 2026

National Aluminium Company recorded the biggest decline in the tracked list, falling 4.73%. Titan, Adani Enterprises and IndusInd Bank were also among the major losers. 

In the Nifty 50, Titan fell 3.80%, while Adani Enterprises declined 3.75% and Hindalco fell 3.15%.

Why Did the Stock Market Fall Today?

The main trigger was the RBI's 25-basis-point repo-rate hike to 5.50%, the first such increase since February 2023. The RBI also changed its stance to calibrated tightening, signalling a greater focus on inflation risks.

High crude oil prices, global financial conditions and a weaker rupee also weighed on investor sentiment. Brent crude was around $101.79 a barrel, while the Indian rupee closed at approximately ₹96.42 per US dollar.

Interestingly, banking stocks performed relatively better after the RBI announcement. Kotak Mahindra Bank, PNB and other lenders gained as investors assessed the possible impact of higher lending rates on bank margins.

Conclusion

The Indian stock market ended lower on 7 October 2026. Nifty 50 closed at 22,603.05, Sensex at 72,638.70, while Bank Nifty ended at 55,055.55. Bank of Maharashtra was the biggest gainer among the tracked F&O stocks, while National Aluminium Company recorded the sharpest decline.