{"id":2373,"date":"2026-10-02T08:33:06","date_gmt":"2026-10-02T08:33:06","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/10\/02\/india-sensex-slides-fourth-day-nifty-extends-eight-week-losi\/"},"modified":"2026-10-02T08:33:06","modified_gmt":"2026-10-02T08:33:06","slug":"india-sensex-slides-fourth-day-nifty-extends-eight-week-losi","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/10\/02\/india-sensex-slides-fourth-day-nifty-extends-eight-week-losi\/","title":{"rendered":"India&#8217;s Sensex Slides Fourth Day as Nifty Extends Eight\u2011Week Losing Streak"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>India\u2019s benchmark Sensex slipped for the fourth consecutive trading day on Thursday, October\u202f1, 2026, losing 570.59 points, or roughly 0.79%, to close at 71,909.70. The broader Nifty\u202f50 index also moved lower, shedding 198.50 points, a decline of 0.88%, to finish at 22,421.95. The sell\u2011off was part of an eight\u2011week losing streak for the Nifty, the longest such run since 2001.<\/p>\n<h2>Market Overview and Broad Index Performance<\/h2>\n<p>Across the market spectrum, mid\u2011cap and small\u2011cap indices joined the headline declines. The Nifty MidCap\u202f100 fell 1.01%, while the Nifty SmallCap\u202f100 slipped 0.97%. In the 30\u2011stock Sensex composition, a number of heavyweight names underperformed, including Maruti Suzuki India, Mahindra &#038; Mahindra, Tata Steel, Adani Ports, ITC, Power Grid and Hindustan Unilever. By contrast, information\u2011technology giants such as Infosys, Tata Consultancy Services, HCL Technologies, along with financial institutions HDFC Bank and Kotak Mahindra Bank, posted gains.<\/p>\n<h2>Sector\u2011Specific Moves<\/h2>\n<p>Sectoral performance was uneven. The Nifty Auto index emerged as the biggest laggard, dropping about 3.5% after a sharp correction. Other underperforming segments included media, metals and fast\u2011moving consumer goods, all of which recorded notable declines. In a rare upside move, the Nifty IT index rose 2.1%, providing a modest counterbalance to the broader bearish tone.<\/p>\n<p>Within the Nifty\u202f50, the most heavily weighted losers were Bajaj Auto, Maruti Suzuki India and Shriram Finance, each contributing to the overall drag on the index.<\/p>\n<h2>Technical Landscape<\/h2>\n<p>Technical indicators painted a grim picture for the Nifty. The index remained below both its 20\u2011day and 50\u2011day exponential moving averages, signaling a continued downtrend. Momentum measures such as the Relative Strength Index fell beneath the 25\u2011point threshold, reinforcing a bearish bias. The Moving Average Convergence Divergence (MACD) stayed in negative territory, while the Average Directional Index (ADX) rose, indicating that the strength of the downtrend was still elevated.<\/p>\n<p>Analyst Sudeep Shah, vice\u2011president of technical and derivatives research at SBI Securities, identified the 22,250\u201322,220 range as the immediate support level, reflecting the low recorded during the session. A break below this zone could open the path to further declines toward the 22,130 mark. On the upside, resistance was seen near the 22,600\u201322,620 corridor; a decisive move above this band might trigger a short\u2011term rally toward 22,750.<\/p>\n<h2>External Drivers and Analyst Commentary<\/h2>\n<p>Commentary from market observers highlighted a confluence of external pressures. Vinod Nair, head of research at Geojit Investments, noted that bond yields have climbed to multi\u2011year highs while crude\u2011oil prices stayed elevated, stoking concerns about the macroeconomic outlook for the 2026\u201127 fiscal year. Domestically, investors remained cautious ahead of the second\u2011quarter earnings season and an upcoming Reserve Bank of India (RBI) policy meeting slated for the following week.<\/p>\n<p>Nair added that earnings for the second quarter are expected to be softer than those of the first quarter, which had benefitted from lagged cost\u2011inflation effects that may not repeat. He suggested that the RBI could adjust its stance in response to persistent global inflationary pressures and the need to support the Indian rupee. Despite these headwinds, Nair emphasized that India\u2019s economy remains resilient and well\u2011positioned to navigate the challenges.<\/p>\n<p>From an investment\u2011strategy perspective, Nair advised long\u2011term investors to consider using the market\u2019s weakness to accumulate positions gradually, while short\u2011term participants might adopt a wait\u2011and\u2011watch approach until clearer policy signals or stabilising global financial conditions emerge.<\/p>\n<p>Overall, the combination of firm energy prices, volatile bond yields and lingering rate\u2011hike anxieties kept sentiment subdued, reinforcing the bearish bias that has dominated Indian equity markets in recent weeks.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On Oct.\u202f1, 2026, India&#8217;s Sensex fell for the fourth straight session while the Nifty50 posted its eighth weekly loss, driven by high energy prices and volatile bond yields.<\/p>\n","protected":false},"author":4,"featured_media":2374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[2594,1365,2536,1686,1722],"class_list":["post-2373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-sector","tag-indian-stock-market","tag-nifty50","tag-sensex","tag-technical-analysis","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=2373"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/2374"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=2373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=2373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=2373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}