India Stocks: Indian shares open lower as hawkish RBI rate hike, rising oil dent sentiment

Tata Consultancy Services

08/10/2026 04:55

Updates for markets open
Oct 8 (Reuters) - Indian shares opened lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to inflation worries.
The Nifty 50 .NSEI fell 0.23% to 22,545.85, while the BSE Sensex .BSESN shed 0.24% to 72,455.17, as of 9:18 a.m. IST.
Fifteen of the 16 major sectors declined at the open. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 dropped 0.5% each.
IT index .NIFTYIT gained 1.9%, led by 2.7% rise in Tata Consultancy Services TCS.NS ahead of its September-quarter earnings due later in the day.
Benchmarks Nifty and Sensex snapped a two-session winning run on Wednesday after the Reserve Bank of India raised its ​benchmark repo rate by 25 basis points to 5.5%, marking the first hike in nearly four years amid mounting inflation and strong economic growth.    
Brent crude LCOc1 jumped 2% to $102 a barrel on persistent worries about Middle East supplies amid increased attacks on shipping in the Gulf and the Strait of Hormuz. O/R

 (Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Subhranshu Sahu)
 ((VivekKumar.M@thomsonreuters.com;))