Stock market prediction for tomorrow: Sensex, Nifty outlook for Thursday | Kospi, Taiwan cues to watch | 8 Oct 2026

What happened: The RBI raised interest rates by 25 basis points, and Indian equities reversed opening gains to close lower. The Nifty 50 fell 0.70% and the Sensex fell 0.57%, ending a two-day rally. Key numbers: RBI hike 25 bps. Nifty 50 closed 22,615, down 0.70%. Sensex closed 72,648, down 0.57%. Nifty Midcap 100 fell 0.61%; Nifty Smallcap 100 rose 0.38%. Why it matters: Analysts see the Nifty consolidating in the 22,300 to 22,800 zone, with a fall below 22,600 possibly dragging it to 22,200. High crude, rising US yields and a depreciating INR remain headwinds.

The RBI raised interest rates by 25 basis points, and Indian equities reversed opening gains to close lower. The Nifty 50 fell 0.70% and the Sensex fell 0.57%, ending a two-day rally.

Analysts see the Nifty consolidating in the 22,300 to 22,800 zone, with a fall below 22,600 possibly dragging it to 22,200. High crude, rising US yields and a depreciating INR remain headwinds.