Stock Market Live Updates: At the close on Wednesday, the total market cap of all BSE Sensex companies stood at Rs 4,70,98,931 crore. At the close on Thursday, the market cap fell to Rs 4,60,97,839.

Share Market Crash: Nifty sinks to new 52-week low of 22,181; Sensex crashes nearly 1,200 points.

Stock Market LIVE Updates: As of 3:00 PM, the Sensex slumped 1,172.03 points or 1.61 per cent to 71,466.67 and the Nifty50 was down 386.10 points or 1.71 per cent to 22,217.30. 

Here's a look at the three primary reasons behind the dampened start for Indian stock market today:

Crude Jitters: The elevated crude spells concern for an oil-importing country like India, as higher oil prices could boost imported inflation.

Weak Global Cues: The Dalal Street was also under pressure due to weak global cues, as the US stock market settled in the red on Wednesday.

RBI's Hawkish Tilt: Market sentiment, which soured due to the RBI's hawkish commentary on Wednesday, continued to remain weak on Thursday. 

Stock Market LIVE: The market-cap of all BSE-listed companies declined Rs 10 trillion to Rs 4,61,28,077 crore, compared to 4,70,98,931 crore at the close on Wednesday. 

Stock Market LIVE: As of 2:10 PM, the Sensex declined 1,151 points or 1.59 per cent to 71,477 and the Nifty50 was down 395 points or 1.75 per cent at 22,209. 

Nearly half or 47.5% of people working in the Indian startup ecosystem score low on wellbeing, with perceived psychological safety - or whether people feel safe admitting they are struggling at work, being the factor most strongly associated with wellbeing across the sample.

The study, State of Mind: The Startup Ecosystem, surveyed 823 participants - founders, employees, investors, and ecosystem supporters across India. Initiated by Sheetal Bahl, Founder and Partner at Merak Ventures, and authored by Priyanka Kartari, Dr. Sukhmani Pal, and Dr Dilip Panniker, it used an adapted version of the WHO-5 Well-Being Index alongside respondents' own assessment of how they were doing.

Employees recorded the poorest rate of wellbeing with 54.3 precent falling below the threshold, compared with 45.2 percent among investors, 44.2 percent among ecosystem supporters and 42.9 percent among founders. The findings challenge the emphasis on founder distress, identifying employees as the group needing the most attention.

A growing number of economists are predicting a follow-up 25-basis-point increase at the Reserve Bank's next decision on December 4. Read full report here

Stock Market Live Updates: At the open, the total market cap of all BSE Sensex companies stood at Rs 4,70,98,931 crore. By 1:40 pm, it fell to Rs 4,62,55,625 crore.

Prabhat Ranjan, Senior Director at Nexdigm

The 57th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on October 8, 2026 at Bharat Mandapam, marks a defining shift from rate-tinkering to structural maturity. Dubbed the launchpad for "GST 2.0," the council prioritised system trust, decriminalisation, and operational ease over revenue extraction.
For Indian businesses, the biggest victory lies in the sweeping overhaul of enforcement laws. Restricting direct arrest powers under Section 69 and elevating the criminal prosecution threshold from Rs 1 crore to Rs 5 crore signals a decisive shift toward corporate safety. By decriminalising nine minor tax offences and stopping tax officers from issuing show-cause notices for discrepancies under Rs 10,000, the government is effectively filtering out procedural noise.

Under the proposed framework, an MDR of 0.4 per cent will apply to select person-to-merchant (P2M) UPI transactions above Rs 2,000. Read full report here

Ravi Singh, Chief Research Officer from Master Capital Services

Nityas Gems & Jewellery Limited: It made a positive debut in the Indian stock market today, listed at Rs 82 on BSE, a premium of 9.33% over its issue price of Rs 75 and on NSE, it listed at Rs 80, up 6.67% from issue price. The company commenced operations in July 2022 as a B2B manufacturer and supplier of lab-grown diamond-studded gold jewellery. It is engaged in the design, manufacturing and sale of lab-grown diamond-studded gold jewellery through an integrated business model comprising B2B manufacturing and distribution and D2C omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited. Under its B2B operations, the company supplies products to organised retailers, standalone retailers and wholesalers across 18 states and 2 union territories in India, with prominent customers including GIVA, Palmonas, ONYA and Ladia Diamonds. It has also supplied products to international B2B customers in the UAE, Australia, Canada, Taiwan and Kenya during the last three Fiscals. The domestic gems and jewellery market is projected to grow at a 12.8% CAGR during CY25-CY30, while the retail diamond jewellery market is expected to grow at a 2.8% CAGR during the same period. The lab-grown diamond jewellery market is projected to reach Rs 71,890 million by CY30, registering a 15.8% CAGR. In the near term, investors may focus on the company's ability to sustain its revenue and profit growth while managing its working capital intensive business model. The stock could attract greater market attention if upcoming results show sustained revenue growth, improving margins, higher manufacturing capacity utilisation and better operating cash flows. 

Vishal Nirmiti Limited: It made a weak debut in the Indian stock market today, listed at Rs 215 on both NSE and BSE, a discount of 2.27% to its issue price of Rs 220. The Company is a civil engineering, manufacturing and construction company with operations across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Odisha, Delhi, Punjab and Karnataka. It is engaged in manufacturing Pre-Stressed Concrete (PSC) sleepers, precast and prestressed concrete products, large-diameter Mild Steel (MS) Pipes, MS Liners and Penstock Pipes, along with providing engineering, procurement, infrastructure and construction services. Its operations are divided into Manufacturing and Services segments. The Company has undertaken projects and job-work assignments for clients including Indian Railways, DFCCIL and Larsen & Toubro Limited, among others. The railway sleeper market is projected to grow from 271.4 million units in FY25 to 323.8 million units by FY30, at a CAGR of 3.8%, driven by railway network expansion, capacity enhancement, freight corridors, modernisation and replacement of ageing sleepers. The Indian mild steel pipes and tubes market is projected to grow from USD 22.3 billion in FY25 to USD 38.9 billion by FY30, at a CAGR of 11.8%. The weak listing could keep near term sentiment under pressure. Fresh investments from investors might wait for price stability. The outlook will depend on the Company's ability to sustain growth, improve profitability and cash generation.

Anil Pharande, Founder, Pharande Spaces & President Of CREDAI

RBI's rate hike of 25 bps to 5.50% is expected to introduce some caution in the real estate market, especially among buyers that are sensitive to the interest rate movement. An increased policy rate may have some impact on borrowing cost in terms of a slight increase, which may affect the purchasing process, considering that many people in the market are financially tight.

But the impact may not be equal across all segments in the real estate market because of factors such as employment, aspirations of consumers, and the need for good-quality housing that drive consumer demand. People with financial capability to purchase housing products may still buy their houses, while developers will pay attention to pricing, payment plan, and product.

The main challenge here will be transmission of the increased rate to the retail segment. If it will not be much, then the housing sector will take the increase without a problem.

Dipal Dutta, CEO at RedoQ

Breaches are no longer a clever-code issue. Whenever anyone rushes to click a link, reuses a password or believes an unknown caller they risk being scammed. As businesses move more towards building an online presence, security is no longer an IT problem. It has to be a part of everyday habits and only collective effort can eradicate this issue. October being Cyber Security Month is a good moment for every organisation and individual to talk openly about the small things people do daily, because attackers rely on us to make it easy for them.

Amazon Job Cuts: The teams linked to customer service, selling partner services and marketplace support have been affected in India, US, and the UK. Read full report here

Gaurav Garg, Head - Research, Lemonn

Gold is trading around $4,129/oz, recovering from the recent two-month low, but the upside remains capped by a strong DXY near 102.25 and elevated US Treasury yields. The Fed's September minutes showed policymakers remain concerned about inflation, with most officials seeing the possibility of further tightening, keeping pressure on non-yielding assets. Silver is around $59.91/oz, showing mild recovery but remains sensitive to the dollar and yields. Crude remains firm, with your live WTI quote at $91.82 ( 1.25%), as supply and shipping risks around the Strait of Hormuz continue to support oil prices; Brent is above $102. The rupee opened around 96.68/$, after closing near 96.78, with RBI intervention helping limit further weakness. However, elevated crude prices, strong DXY and high US yields continue to keep pressure on the INR.

Akshat Siddhant, Lead quant analyst, Mudrex

Gold is trading near $4,100/oz, close to its lowest since early August, as a stronger dollar and rising Treasury yields weigh on demand. Fed minutes added pressure, with most policymakers seeing another hike as appropriate before year-end and December odds near 78%. Silver fell below $60/oz after touching a two-month low near $59. Meanwhile, WTI has recovered to $89-$90/barrel from a one-month low, as potential US strikes on Iran and Houthi attacks on Saudi Arabia offset a restored Saudi pipeline and a surprise 3.2-million-barrel US inventory draw. The rupee weakened to Rs 96.80/$, near its record low, after the RBI raised rates 25 bps to 5.5% and adopted a calibrated tightening stance.

Continuous learning has become important as industries put greater emphasis on specialised expertise, digital capabilities and practical knowledge. Read full report here

Nana Patekar often spoken about a childhood marked by financial hardships. In Class IX, he painted film posters and earned Rs 35 a month. Read full report here

The Thesis
The RBI's 25bp hike to 5.50% - its first since 2023 - and a shift to a calibrated tightening stance failed to arrest rupee weakness, with USD/INR sitting within 20bps of its all-time low. That currency pressure, layered on Brent holding above $100, is pushing conviction toward dollar-linked exporters and services rather than domestic rate-sensitive plays.

Where We're Concentrated
The book leans into metals and commodity exporters (aluminium, graphite electrodes) and dollar-billed media services - natural beneficiaries while the rupee stays soft - plus a refiner leaning into the elevated crude spread. What breaks it: a sharp rupee snap-back on aggressive RBI dollar sales, or Brent fading fast as Middle East exports keep normalising toward pre-war levels, would strip out the currency and margin tailwinds at once.

Conviction Picks
Highest Conviction
Prime Focus
Dollar-billed media and VFX services turn rupee weakness near record lows into a direct revenue tailwind.
Allied Blenders & Distillers
Alcobev demand stays rate-insensitive, a defensive anchor while RBI's tightening cycle reprices financials.
National Aluminium
Aluminium exports price in dollars, gaining as the rupee tests its all-time low despite the RBI hike.
Graphite India
Graphite electrode exports benefit from the weak rupee even as steel-linked demand stays firm globally.
Mangalore Refinery & Petrochemicals
Refining margins lean into Brent above $100, with crude staying elevated despite easing Hormuz risk.
One Thing to Watch
USD/INR within 20bps of record low A close through 96.96 would mark currency capitulation even after RBI's hawkish turn, pressuring the importer basket and testing how much further the exporter tilt can run.

Daily Quote from Mudrex
Bitcoin fell about 3% to around $83,000, after failing again at $87,000 and breaking the $84,000 support level, as the 10-year Treasury yield hit 5.36% and the 30-year 5.73%. About $550 million of long positions were liquidated, Fed minutes showed no urgency for an October hike, with markets pricing about a 19% to 22% chance. On-chain data shows fresh capital driving less than 40% of the rise in realized cap, although buyers are accumulating around $81,00 - 82,000 and large holders have added 14,000 BTC since October 1. Meanwhile, leverage is far lower than before last year's October 10 crash, with funding rates low and liquidation sensitivity about nine times smaller. Support sits at $82,000, with resistance at $85,000 said Prateek Gupta, Head of Business, Mudrex

Daily Quote from CoinSwitch
BTC dropped below $83K after failing to break above the $87K resistance. The decline was largely macro-driven, with the U.S. 10-year Treasury yield reaching its highest level since 2002, the dollar strengthening toward its strongest level since April 2025, and Brent crude nearing $102 amid rising Middle East tensions. Higher real yields and a stronger dollar are tightening financial conditions, reducing investor appetite for risk assets such as BTC. Near term, BTC is likely to remain macro-driven with $83K the key level to watch. If Treasury yields continue easing and the dollar softens, BTC could recover toward $86.5K-$87K, which remains the immediate resistance zone. A clean break above that could reopen the move toward $90K said CoinSwitch Markets Desk

"The cryptocurrency market is witnessing heightened selling pressure, with Bitcoin slipping below $83,000 and over $714 million worth of leveraged positions liquidated. Ethereum has witnessed a sharper correction, reflecting broader weakness across major altcoins. Rising oil prices, elevated US Treasury yields and a stronger dollar are adding to market uncertainty, while large-scale liquidations are amplifying price movements. The current correction highlights how global macroeconomic developments and leveraged trading activity continue to influence short-term market sentiment.

In the near term, Bitcoin's ability to hold the $82,000 to $83,000 range will be crucial in determining its next move. A sustained recovery will depend on renewed buying interest, improving liquidity and greater stability in global financial markets. Investors should closely track institutional flows, monetary policy developments and overall market sentiment for clearer directional cues. Avoiding excessive leverage, maintaining disciplined positions and taking a measured approach to fresh investments will remain important amid the ongoing volatility."

Riya Sehgal, Research Analyst, Delta Exchange 

Bitcoin has slipped toward $83,000, while Ethereum has fallen toward $2,580. More than $500 million in liquidations, largely long positions, accelerated the decline as leverage unwound across derivatives markets.
The latest FOMC minutes added pressure, with policymakers cautious on inflation and indicating that monetary conditions may remain restrictive. Elevated Treasury yields, a stronger dollar and higher energy prices continue to weigh on risk appetite.
On-chain and market data showed vulnerability ahead of the decline, with profit-taking from recent Bitcoin buyers and weak fresh capital inflows.
BTC is testing the $82,500-$83,500 demand zone. A break below could expose $81,500-$82,000, while a reclaim of $83,800-$84,000 could signal stabilization. For Ethereum, $2,540 is immediate support, while $2,585-$2,600 is the first reclaim zone.

Hemang Gor, Senior Research Analyst- Derivatives and Technical Research, Axis Direct

Nifty 50 closed Wednesday at 22,603.05, down 0.76% (-173 points), snapping a two-day recovery streak after the Reserve Bank of India delivered its first-rate hike in nearly four years - raising the repo rate 25 bps to 5.50% in a unanimous vote and, crucially, shifting its stance from "neutral" to "calibrated tightening. Metals and Realty were crushed as higher borrowing costs hit rate-sensitive cyclicals hardest. Overnight, the Dow lost 0.66% as Caterpillar's slide and a 10-year yield near 5.3% weighed; the S&P 500 and Nasdaq each eased 0.22%.

Asia opens red, Nikkei trades near 69,350, down about 1%, and the Kospi is off over 0.9% after Samsung's record but below-forecast profit. Dollar Index at 102 is edging toward a fresh 18-month high, keeping the rupee under pressure - USD-INR spot quotes 96.76/96.81, within striking distance of the all-time low of 96.96 set in May.

GIFT Nifty at 22,605 implies a flat-negative opening. Technically, the market's undertone remains deeply fragile while prices hover below the 22,800 pivot. Immediate support is 22,500; a break exposes 22,300 and the 52-week low near 22,180. A move above 22,800 could extend toward 23,000, though easing crude and yields are needed to sustain any recovery.

Binitha Dalal, Founder and Managing Partner, Mt K Kapital

The RBI's 25-basis-point rate hike and shift from a "neutral" to "calibrated tightening" stance comes at a difficult juncture, with the West Asia crisis continuing to keep oil prices elevated and adding to the cost of essentials and overall living expenses. At a time when the full economic impact of the conflict is still unfolding, greater visibility on its trajectory would have allowed for a more measured policy response. The indication that rate cuts are not being assumed going forward further signals the RBI's caution on the inflation outlook.

While the economy has the resilience to absorb higher costs, every additional increase has a multiplier effect across households, businesses and sectors. Higher borrowing costs and home-loan rates could put further pressure on consumers just as the festive season begins, potentially tempering discretionary spending and investment activity. This also comes against a backdrop where the first two quarters have seen some moderation in economic performance. In my opinion, the rate decision could have been delayed until there was greater clarity on the trajectory of the West Asia crisis and its impact on inflation and growth.

Vikram Subburaj, CEO, Giottus.com

Gold and silver futures are taking different levels of pressure in India. MCX December gold is around Rs 1,49,110 per 10 grams, down 0.68%. December silver is around Rs 2,23,353 per kg, down 1.77%.

Gold has slipped below the important Rs 1.50 lakh level. The December contract has traded between Rs 1,47,916 and ₹1,49,936. The previous close was Rs 1,50,130. The Rs 1.48 lakh area is now an important support zone. Gold needs to reclaim Rs 1.50 lakh to improve the near-term outlook.

Silver is under greater pressure. The December contract has traded between Rs 2,21,373 and Rs 2,26,208. Its previous close was Rs 2,27,365. The Rs 2.22-2.23 lakh zone is now important support. A sustained move above Rs 2.26-2.28 lakh would indicate stronger buying interest.

The global picture is somewhat more supportive. Spot gold recovered 0.4% to around $4,127 an ounce after touching a two-month low. US December gold futures were also higher by about 0.3%. This suggests that the weakness in Indian futures is partly driven by domestic factors and positioning.

The US rate outlook remains a key market driver. The latest Federal Reserve minutes showed differences among policymakers. Markets continue to see an October rate hike as unlikely. Expectations of a December hike, however, remain relatively high.

For Indian investors, the rupee remains important. Currency movements can amplify or cushion changes in international bullion prices. For now, the market remains corrective rather than decisively bearish. Gold needs to regain Rs 1.50 lakh. Silver needs to hold Rs 2.22-2.23 lakh. These levels will be important in determining whether the current weakness extends or buyers return.

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

Nifty closed at 22,603.05, down 0.76%, after the RBI raised the repo rate by 25 bps and shifted its stance to calibrated tightening. US markets closed lower on Wednesday, with the S&P 500 and Dow ending their four-session winning streak, while the Nasdaq also declined as Treasury yields moved higher. 
Asian markets are trading mostly lower, showing a cautious tone amid concerns over global funding conditions and elevated valuations in technology stocks. Crude oil contract closed around 8,552(-0.88%), after remaining highly volatile in recent sessions. GIFT Nifty is trading lower around 22,546, down about 45 points, indicating a mildly negative opening bias compared with Nifty's previous close. 
Technically, the broader structure remains weak, with the index trading below its key moving averages, although the rebound from the intraday low indicates buying interest at lower levels. Immediate support is placed at 22,550-22,500, while the stronger support zone is around 22,460-22,440. A decisive break below 22,440 could revive selling pressure and drag Nifty towards 22,300. On the upside, 22,700-22,750 is the immediate hurdle, followed by the crucial 22,800 resistance. A sustained move above 22,800 could strengthen the recovery and open the way towards 23,000. Overall, the near-term outlook remains cautious to negative, with 22,440-22,500 acting as the key support zone and 22,800 as the level that bulls need to reclaim for a meaningful recovery.
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing. For more details click on https://www.jainam.in/disclaimer/

Vikram Subburaj, CEO, Giottus.com

Bitcoin and the broader crypto market remain under pressure as investors turn cautious amid a stronger dollar, elevated oil prices and higher US Treasury yields. Bitcoin is trading around $83,000 after failing to hold above the 85,000-86,000 zone. The 82,000-83,000 area is now an important support. A sustained break below it could increase downside pressure.

Altcoins are seeing sharper selling. Ethereum is around $2,620, down about 4.3%. BNB is near $775, down around 0.6%. XRP is around $1.42, down about 5%. Solana is near $117, down about 3.7%. TRX remains relatively resilient at around $0.33.

ETF flows have also turned volatile, while markets remain focused on US inflation data and the Federal Reserve's next policy move.

Our advice: Investors should avoid chasing short-term moves. Staggered buying and smaller position sizes are preferable. Watch the 82,000-83,000 Bitcoin support and upcoming US inflation data before taking larger positions.

At the close on Wednesday, the total market cap of all BSE Sensex companies stood at Rs 4,70,98,931.

Nischal Shetty, Founder, WazirX

Market Snapshot

The crypto market is consolidating with a cautious bias. Total market capitalisation stands near $2.83 trillion, while 24-hour trading volume is approximately $106.84 billion.

Bitcoin is trading around $83,050, down nearly 1.4%, while Ethereum is near $2,578, declining about 2.7%. Most major altcoins are also under pressure, although BNB remains marginally positive.

The Fear and Greed Index is at 60, indicating that sentiment remains in the "Greed" zone despite the pullback. Bitcoin dominance is elevated at 59%, suggesting that capital continues to favour the market's largest asset. Crypto ETFs recorded net outflows of approximately $213.4 million on October 7.

Traditional markets also reflected a risk-off tone: the Dow fell 0.66%, while the S&P 500 and Nasdaq declined 0.22% each. Oil gained 1.5% and gold rose 0.41%, indicating some movement towards defensive assets.

Bitcoin: Support and Resistance

Bitcoin is trading near $83,000 after failing to maintain its recent upward momentum.

The immediate support zone lies between $82,000 and $83,000. A sustained move below this area could bring the psychological $80,000 level into focus.

On the upside, Bitcoin must reclaim the 84,500-85,000 zone to improve short-term sentiment. A decisive breakout above this range could open the door towards $87,000.

Bitcoin's implied volatility remains relatively contained at 38.39, suggesting that the market is cautious but not yet pricing in extreme price swings.

Ethereum: Key Levels

Ethereum is underperforming Bitcoin and is currently trading near $2,578.

Immediate support is visible around $2,550, followed by the stronger psychological level of $2,500. If selling pressure persists, traders may closely monitor whether ETH can defend this broader support area.

The first resistance zone lies around 2,625-2,650. A recovery above this range could allow Ethereum to retest $2,700.

Ethereum's implied volatility stands at 50.53, considerably higher than Bitcoin's, indicating the possibility of wider short-term price movements.

What to Watch

Market participants should monitor whether Bitcoin can defend the 82,000-83,000 support zone and whether Ethereum finds buying interest near 2,550-2,500. Continued crypto ETF outflows could weigh on institutional sentiment, while Bitcoin dominance at 59% may limit broader altcoin momentum. Elevated perpetual open interest of approximately $430.81 billion also warrants attention, as leveraged positions could amplify volatility. Movements in oil, gold and US equities may provide further signals about the direction of global risk appetite."