{"id":294189,"date":"2026-10-08T11:07:53","date_gmt":"2026-10-08T05:37:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=294189"},"modified":"2026-10-08T11:07:53","modified_gmt":"2026-10-08T05:37:53","slug":"sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/","title":{"rendered":"Stock Markets Decline in Early Trade as RBI Signals More Tightening: Sensex Falls 265 Points and Nifty Slips Below 22,510, the Calibrated Tightening Surprise, Fed Minutes, Crude and FPI Outflows, Laggards and Winners"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>8 Oct early trade: Sensex -265 pts at 72,408; Nifty -87.5 at 22,507.65. Laggards ITC, Adani Ports, BEL, Bajaj Fin, IndiGo. IT up before TCS.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">RBI signals more tightening and the stock market fell in early trade on 8 October, with the Sensex down about 265 points at 72,408.15 and the Nifty down 87.5 points at 22,507.65, after the central bank&#8217;s unanimous 25 bps hike to 5.50% came with a surprise shift in stance to calibrated tightening from neutral. Federal Reserve minutes indicating that another US rate increase may be needed this year, crude oil near $101 and heavy foreign selling added to the pressure, while ITC, Adani Ports, Bharat Electronics, Bajaj Finance, Bajaj Finserv and InterGlobe Aviation were the major Sensex laggards. IT stocks were the winners, with TCS, HCL Tech, Tech Mahindra and Infosys higher ahead of TCS&#8217;s Q2 results later today, which kept the fall contained. The calibrated tightening stance effectively rules out a rate cut soon and some brokerages expect another hike in December, so the market is adjusting to a longer period of tight money.<\/p>\n<\/p><\/div>\n<p>RBI signals more tightening in a way that the market had not priced, since the 25 bps hike itself was expected and the stance change was the surprise. The Sensex opened more than 300 points lower and the Nifty slipped below 22,550 before recovering some ground.<\/p>\n<p>If you want to understand the fall, this article covers how RBI signals more tightening in the Sensex today at 72,408.15 and the Nifty 50 at 22,507.65, the 5.50% repo rate, the stance change and the Fed minutes, FPI selling of Rs 6,121 crore, laggards such as ITC, Bajaj Finance and IndiGo, the IT rise led by TCS, the 22,500 support, what analysts say and the risks.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Sensex_Today_RBI_Signals_More_Tightening_in_the_Early_Trade_Numbers\" title=\"Sensex Today: RBI Signals More Tightening in the Early Trade Numbers\">Sensex Today: RBI Signals More Tightening in the Early Trade Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Why_the_Market_Is_Falling_RBI_Signals_More_Tightening_and_Global_Cues\" title=\"Why the Market Is Falling: RBI Signals More Tightening and Global Cues\">Why the Market Is Falling: RBI Signals More Tightening and Global Cues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Laggards_and_Winners_as_RBI_Signals_More_Tightening\" title=\"Laggards and Winners as RBI Signals More Tightening\">Laggards and Winners as RBI Signals More Tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#What_the_RBI_Said_When_It_Signalled_More_Tightening\" title=\"What the RBI Said When It Signalled More Tightening\">What the RBI Said When It Signalled More Tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Nifty_Levels_After_the_RBI_Signals_More_Tightening\" title=\"Nifty Levels After the RBI Signals More Tightening\">Nifty Levels After the RBI Signals More Tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Risks_as_the_RBI_Signals_More_Tightening\" title=\"Risks as the RBI Signals More Tightening\">Risks as the RBI Signals More Tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#What_to_Watch_Next_After_the_RBI_Signals_More_Tightening\" title=\"What to Watch Next After the RBI Signals More Tightening\">What to Watch Next After the RBI Signals More Tightening<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Why_is_Sensex_today_falling_in_early_trade_on_8_October\" title=\"Why is Sensex today falling in early trade on 8 October?\">Why is Sensex today falling in early trade on 8 October?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#How_far_did_the_Sensex_and_Nifty_50_fall\" title=\"How far did the Sensex and Nifty 50 fall?\">How far did the Sensex and Nifty 50 fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#What_did_the_RBI_do_on_7_October\" title=\"What did the RBI do on 7 October?\">What did the RBI do on 7 October?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Which_stocks_were_the_laggards\" title=\"Which stocks were the laggards?\">Which stocks were the laggards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Which_stocks_gained\" title=\"Which stocks gained?\">Which stocks gained?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#What_are_the_key_Nifty_levels\" title=\"What are the key Nifty levels?\">What are the key Nifty levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Will_the_RBI_hike_again\" title=\"Will the RBI hike again?\">Will the RBI hike again?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/sensex-nifty-fall-early-trade-rbi-signals-more-tightening-calibrated-tightening-fed-minutes-8-october\/#Should_I_sell_after_the_RBI_signals_more_tightening\" title=\"Should I sell after the RBI signals more tightening?\">Should I sell after the RBI signals more tightening?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Sensex_Today_RBI_Signals_More_Tightening_in_the_Early_Trade_Numbers\"><\/span><strong>Sensex Today: RBI Signals More Tightening in the Early Trade Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">72,408.15, down 264.97 points<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Opened more than 300 points lower<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nifty 50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,507.65, down 87.50 points<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Slipped below 22,550 and 22,510<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close, Sensex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">72,638.70, down 429.11 points<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Snapped a two-day rally<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close, Nifty<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,603.05, down 173.05 points<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.76% on 7 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex low on 7 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">72,468.72<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 599.09 points at the worst point<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Breadth on 7 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 of 30 Sensex stocks fell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Four gained<\/td>\n<\/tr>\n<\/table>\n<p>The early fall was smaller than Wednesday&#8217;s because IT stocks rose, which shows that the RBI signals more tightening effect is concentrated in rate-sensitive and high-multiple names.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on Sensex stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Market_Is_Falling_RBI_Signals_More_Tightening_and_Global_Cues\"><\/span><strong>Why the Market Is Falling: RBI Signals More Tightening and Global Cues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Factor<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">RBI stance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The six-member MPC voted unanimously to raise the repo rate to 5.50% and shifted the stance to calibrated tightening from neutral<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fed minutes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minutes indicated that another US rate increase may be required this year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Crude oil<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brent near $101, with tanker attacks near the Strait of Hormuz<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Foreign selling<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FIIs sold Rs 6,121 crore on 7 October while DIIs bought Rs 4,597 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bond yields<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US 10-year yield near 5.32%, close to a 24-year high<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rupee<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weak, near 97 against the dollar<\/td>\n<\/tr>\n<\/table>\n<p>Analysts say the combination of tighter domestic conditions and elevated Treasury yields could limit risk appetite, which is the central message of the RBI signals more tightening reaction.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Sensex, Nifty and rate-sensitive stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Laggards_and_Winners_as_RBI_Signals_More_Tightening\"><\/span><strong>Laggards and Winners as RBI Signals More Tightening<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Group<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Stocks<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sensex laggards<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ITC, Adani Ports, Bharat Electronics, Bajaj Finance, Bajaj Finserv, InterGlobe Aviation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rate-sensitive lenders, high-multiple and crude-exposed names<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other early drags on the Nifty<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SBI Life, NTPC, Coal India, Eternal, Tata Motors Passenger Vehicles, M&#038;M, Tata Steel, SBI and L&#038;T<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Broad weakness across financials, power and autos<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Winners<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS, HCL Tech, Tech Mahindra and Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT rose ahead of TCS&#8217;s Q2 results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other gainers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sun Pharma, Titan, Trent, Cipla, HDFC Life and Bharti Airtel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Defensive and company-specific buying<\/td>\n<\/tr>\n<\/table>\n<p>When RBI signals more tightening, a calibrated tightening stance is a negative for NBFCs such as Bajaj Finance because funding costs rise, and for airlines such as IndiGo because oil is high, which explains the laggard list.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_RBI_Said_When_It_Signalled_More_Tightening\"><\/span><strong>What the RBI Said When It Signalled More Tightening<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Repo rate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5.50%, up 25 bps, the first hike since February 2023<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Calibrated tightening, effectively ruling out a rate cut soon<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other rates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Standing deposit facility 5.25%; marginal standing facility and bank rate 5.75%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">GDP forecast<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7.1% for FY27, up from 6.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Inflation forecast<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5.2% for FY27, up from 5.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market view<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goldman Sachs, SBI Research and Nomura expect another 25 bps in December<\/td>\n<\/tr>\n<\/table>\n<p>The RBI signals more tightening through its stance more than through the rate, because a stance change tells the market that the next move is more likely up than down.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Levels_After_the_RBI_Signals_More_Tightening\"><\/span><strong>Nifty Levels After the RBI Signals More Tightening<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Type<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,603<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First resistance on a rebound<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,546<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low on 7 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Broken in early trade<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,500<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Psychological support<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Being tested in early trade<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,450 and 22,400<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Next supports<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My reading of recent lows and pivots<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,303<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wider support from one provider<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A further 1% below<\/td>\n<\/tr>\n<\/table>\n<p>These are reference levels after RBI signals more tightening and not recommendations, and the first test is whether the Nifty can hold 22,500 into the TCS results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_as_the_RBI_Signals_More_Tightening\"><\/span><strong>Risks as the RBI Signals More Tightening<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>More hikes:<\/strong> A December hike and a higher terminal rate would pressure valuations.<\/p>\n<p><strong>Global yields:<\/strong> A further rise in US yields can hit emerging markets.<\/p>\n<p><strong>Oil:<\/strong> Brent above $100 raises inflation and the import bill.<\/p>\n<p><strong>Foreign flows:<\/strong> Continued FII selling can break key supports after RBI signals more tightening.<\/p>\n<p><strong>Event risk:<\/strong> TCS results and the GST Council can move sectors today.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_the_RBI_Signals_More_Tightening\"><\/span><strong>What to Watch Next After the RBI Signals More Tightening<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The Nifty&#8217;s close relative to 22,500 and 22,603.<\/li>\n<li>TCS&#8217;s Q2 results after market hours and the reaction on 9 October.<\/li>\n<li>FII and DII data for 8 October.<\/li>\n<li>US yields, the Fed&#8217;s next steps and Brent.<\/li>\n<li>September CPI data and the RBI&#8217;s guidance for December.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market fell in early trade as the RBI signals more tightening, with the Sensex down about 265 points at 72,408 and the Nifty at 22,507.65, helped by the Fed minutes, crude near $101 and foreign selling, while IT stocks rose ahead of TCS&#8217;s results. The stance change is the lasting message, and 22,500 is the level to watch. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Sensex_today_falling_in_early_trade_on_8_October\"><\/span><strong>Why is Sensex today falling in early trade on 8 October?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The RBI signals more tightening through a shift to calibrated tightening, and Fed minutes, crude near $101 and foreign selling added to the pressure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_far_did_the_Sensex_and_Nifty_50_fall\"><\/span><strong>How far did the Sensex and Nifty 50 fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Sensex fell about 265 points to 72,408.15 and the Nifty fell 87.5 points to 22,507.65 in early trade.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_the_RBI_do_on_7_October\"><\/span><strong>What did the RBI do on 7 October?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It raised the repo rate by 25 bps to 5.50% unanimously, and RBI signals more tightening by changing the stance to calibrated tightening from neutral.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_stocks_were_the_laggards\"><\/span><strong>Which stocks were the laggards?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ITC, Adani Ports, Bharat Electronics, Bajaj Finance, Bajaj Finserv and InterGlobe Aviation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_stocks_gained\"><\/span><strong>Which stocks gained?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TCS, HCL Tech, Tech Mahindra and Infosys rose ahead of TCS&#8217;s Q2 results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_Nifty_levels\"><\/span><strong>What are the key Nifty levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Support near 22,500, 22,450 and 22,400, and resistance near 22,603 and 22,717.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_the_RBI_hike_again\"><\/span><strong>Will the RBI hike again?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Goldman Sachs, SBI Research and Nomura expect another 25 bps in December, and RBI signals more tightening by ruling out cuts for now.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_sell_after_the_RBI_signals_more_tightening\"><\/span><strong>Should I sell after the RBI signals more tightening?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. After RBI signals more tightening, markets can swing both ways. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Sensex today falling in early trade on 8 October?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The RBI signals more tightening through a shift to calibrated tightening, and Fed minutes, crude near $101 and foreign selling added to the pressure.\"}},{\"@type\":\"Question\",\"name\":\"How far did the Sensex and Nifty 50 fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Sensex fell about 265 points to 72,408.15 and the Nifty fell 87.5 points to 22,507.65 in early trade.\"}},{\"@type\":\"Question\",\"name\":\"What did the RBI do on 7 October?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It raised the repo rate by 25 bps to 5.50% unanimously, and RBI signals more tightening by changing the stance to calibrated tightening from neutral.\"}},{\"@type\":\"Question\",\"name\":\"Which stocks were the laggards?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ITC, Adani Ports, Bharat Electronics, Bajaj Finance, Bajaj Finserv and InterGlobe Aviation.\"}},{\"@type\":\"Question\",\"name\":\"Which stocks gained?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"TCS, HCL Tech, Tech Mahindra and Infosys rose ahead of TCS's Q2 results.\"}},{\"@type\":\"Question\",\"name\":\"What are the key Nifty levels?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Support near 22,500, 22,450 and 22,400, and resistance near 22,603 and 22,717.\"}},{\"@type\":\"Question\",\"name\":\"Will the RBI hike again?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Goldman Sachs, SBI Research and Nomura expect another 25 bps in December, and RBI signals more tightening by ruling out cuts for now.\"}},{\"@type\":\"Question\",\"name\":\"Should I sell after the RBI signals more tightening?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. After RBI signals more tightening, markets can swing both ways. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sensex and Nifty fell in early trade as the RBI signals more tightening. See the laggards, IT winners, global cues and key levels.<\/p>\n","protected":false},"author":28,"featured_media":294188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[9457,10011,5420,708,10010,4580],"class_list":["post-294189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-calibrated-tightening","tag-fed-minutes","tag-fpi-outflows","tag-nifty-50","tag-rbi-signals-more-tightening","tag-sensex-today"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["294188"],"rank_math_title":["Sensex, Nifty Fall in Early Trade as RBI Signals More Tightening"],"rank_math_description":["Sensex and Nifty fall in early trade as RBI signals more tightening. 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