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Bears take full control over Dalal Street in late trade
Oct-08-2026

Benchmarks have extended losses in late afternoon session as surge in crude oil prices dampened investor sentiment. The Brent crude oil prices have surged past the $104 per barrel mark after reports indicated that US is planning to strike Iran before the US midterm elections. Further, traders remained cautious as foreign institutional investors (FIIs) continued to pull out capital from Indian markets. FIIs were the net sellers on Wednesday’s session, offloading securities worth Rs 6,121.37 crore. Besides, overhang of an additional rate hike by RBI and inflationary concerns have made market participants nervous. 

On the global front, all Asian and European equity markets were trading lower as tensions Middle East fuelled global crude prices, while US bond yield continued their upward trajectory. 

The BSE Sensex is currently trading at 71515.67, down by 1123.03 points or 1.55% after trading in a range of 71406.79 and 72693.97. There were 5 stocks advancing against 25 stocks declining on the index.

The top losing sectoral indices on the BSE were Metal down by 3.32%, Power down by 3.28%, Utilities down by 3.19%, Capital Goods down by 2.89% and Realty down by 2.86%. Meanwhile, there no gainers on BSE sectoral index.

The top gainers on the Sensex were Infosys up by 0.65%, Tech Mahindra up by 0.36%, Trent up by 0.12%, Titan Company up by 0.09% and HCL Technologies up by 0.08%. On the flip side, ITC down by 3.86%, Adani Ports & SEZ down by 3.57%, Interglobe Aviation down by 3.23%, Bharat Electronics down by 3.18% and Reliance Industries down by 2.59% were the top losers.

Meanwhile, the Federation of Automobile Dealers' Association (FADA) has said that India’s electric vehicle (EV) retail sales increased 74.08 per cent year-on-year to 3,33,364 units in September 2026 as compared to 1,91,497 units in September 2025. It said overall EV market penetration expanded to 13 per cent during the month, up from 10 per cent a year ago. 

According to FADA, the electric passenger vehicle (PV) retail sales nearly doubled in September 2026 to 36,108 units from 18,559 units in the corresponding month last year. Two-wheeler sales rose 88.67 per cent to 2,07,314 units in September 2026 from 1,83,204 units a year ago. Electric three-wheeler sales also registered strong growth of 40.03 per cent, rising to 86,024 units in September 2026 from 61,434 units in the corresponding month last year. Electric commercial vehicle (CV) retail sales stood at 4,138 units in September 2026, up from 1,622 a year ago. 

In terms of market share, the two-wheeler segment recorded 11.6 per cent growth in September over 8.2 per cent in the same month last year. Three-wheelers' share in the overall EV share increased to 56.7 per cent during September from 64.9 per cent in September 2025. Electric commercial vehicle segment's market share nearly doubling to 4.04 per cent during the month from 2.16 per cent in September 2025. 

The CNX Nifty is currently trading at 22215.10, down by 387.95 points or 1.72% after trading in a range of 22190.00 and 22599.05. There were 4 stocks advancing against 46 stocks declining on the index.

The top gainers on Nifty were Infosys up by 0.68%, Tech Mahindra up by 0.34%, Axis Bank up by 0.09% and Titan Company up by 0.00%. On the flip side, Adani Enterprises down by 5.98%, JSW Steel down by 4.31%, ITC down by 4.05%, Max Healthcare Institute down by 3.99% and Apollo Hospital Enterprise down by 3.63% were the top losers.

All Asian equity markets were trading lower; Nikkei 225 slipped 750.71 points or 1.08% to 69,285.00, Taiwan Weighted lost 492.93 points or 1% to 49,313.44, Hang Seng declined 448.5 points or 1.89% to 23,682.00, KOSPI dropped 177.97 points or 2.69% to 6,625.93, Straits Times fell 191.27 points or 3.53% to 5,417.17, Shanghai Composite weakened 30.29 points or 0.79% to 3,811.90 and Jakarta Composite plunged 105.47 points or 1.75% to 6,041.25.

All European equity markets were trading lower; UK’s FTSE 100 decreased 51 points or 0.49% to 10,407.50, France’s CAC fell 81.01 points or 1.04% to 7,688.20 and Germany’s DAX lost 200.96 points or 0.81% to 24,903.40.
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