Business news · Markets · 07 Oct 2026
IN Metals & Mining Automobile and Auto Components Realty Financial Services
Indian shares closed lower on the day the RBI lifted the repo rate 25 basis points to 5.5%. The Sensex lost 429 points to 72,639 after being down 599 at its low, and the Nifty fell 173 points to 22,603. Twelve of fifteen major sector indices declined, led by metals at about 2.2-2.3%; auto, FMCG, IT, pharma, realty and oil and gas fell between 0.5% and 1.8%. PSU banks and media ended higher. The Nifty Midcap 100 fell 0.6% while the Smallcap 100 rose 0.3%. Titan was the largest Nifty loser, down 3.8% to Rs 4,377.
The close shows where a higher policy rate was priced first: capital-heavy metal producers (Hindalco, JSW Steel, Tata Steel) and borrowers' purchases such as vehicles and homes, where loan costs feed straight into demand. Lenders were mixed rather than weak - Kotak Mahindra Bank, ICICI Bank and Bajaj Finance rose and the PSU bank index gained - because floating-rate loans reprice quickly. On the NSE 2,043 shares fell against 1,549 that rose, so the decline was broad but not a rout, and small caps ended higher.
Reported by Upstox — “SENSEX, NIFTY50 resume decline after a two-day breather as RBI hikes repo rate” ↗ on 07 Oct 2026.
NSE stocks, from the last close on or before 07 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Metals & Mining | 27 | -1.3% | 5 of 27 | -0.4 pts |
| Automobile and Auto Components | 52 | +0.4% | 29 of 52 | +1.3 pts |
| Realty | 17 | +1.4% | 9 of 17 | +2.3 pts |
| Financial Services | 125 | +0.2% | 65 of 125 | +1.1 pts |
| All tracked stocks | 804 | -0.9% | 321 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Adani Enterprises Ltd. ADANIENT | ₹2,743 | ₹2,692 | -1.9% |
| Bharti Airtel Ltd. BHARTIARTL | ₹1,833.9 | ₹1,905 | +3.9% |
| Hindalco Industries Ltd. HINDALCO | ₹910.85 | ₹908 | -0.3% |
| ICICI Bank Ltd. ICICIBANK | ₹1,357.5 | ₹1,397 | +2.9% |
| JSW Steel Ltd. JSWSTEEL | ₹1,230 | ₹1,216.3 | -1.1% |
| Kotak Mahindra Bank Ltd. KOTAKBANK | ₹440 | ₹447.4 | +1.7% |
| Titan Company Ltd. TITAN | ₹4,377 | ₹4,444.8 | +1.5% |
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