{"id":294725,"date":"2026-10-08T12:43:12","date_gmt":"2026-10-08T07:13:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=294725"},"modified":"2026-10-08T12:43:12","modified_gmt":"2026-10-08T07:13:12","slug":"stock-market-crash-8-october-2026-sensex-nifty-rs-7-lakh-crore-wiped-out-what-went-wrong","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/stock-market-crash-8-october-2026-sensex-nifty-rs-7-lakh-crore-wiped-out-what-went-wrong\/","title":{"rendered":"Stock Market Crash: Terrible Thursday for Sensex and Nifty as Over Rs 7 Lakh Crore of Investor Wealth Is Eroded, What Went Wrong on 8 October, the Sectors That Fell, the Few That Rose and What Could Come Next"},"content":{"rendered":"

8 Oct: Sensex -701 pts to 71,937, Nifty -1.3% to 22,307. Over Rs 7 lakh cr of BSE market cap wiped (to Rs 470 lakh cr). 2,645 declines vs 693 advances. IT, Titan rose.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Stock market crash is how Thursday, 8 October, is being described after the Sensex fell about 700 points to 71,937.19 and the Nifty fell about 1.3% to 22,307.45, which wiped nearly Rs 7 lakh crore off the market capitalisation of BSE-listed companies and took it to about Rs 470 lakh crore at 11:30 am. The immediate cause was the RBI’s change of stance to calibrated tightening, with Jefferies expecting about 100 bps of hikes in this cycle, backed by persistent foreign selling, crude oil near $101, inflation worries and Fed minutes that point to another US hike. Breadth was heavily negative, with 2,645 NSE stocks falling against 693 advancing, while metals fell about 3%, realty and oil and gas about 2% and mid-caps and small-caps up to 2%, and only IT stocks and Titan rose. A fall of about 1% is a sharp correction and not a historic crash, but the Nifty is now only about 0.6% above its 52-week low of 22,182.55, so the next few sessions decide whether this becomes a deeper break.<\/p>\n<\/p><\/div>\n

Stock market crash headlines followed a second straight day of selling, after the Sensex fell 429 points on Wednesday on the RBI’s rate hike. The Nifty is down about 4.8% in a month and about 11.4% in a year, so investors are asking whether the worst is priced in.<\/p>\n

If you want to know what happened and what it means, this article covers the Sensex and Nifty fall to 71,937 and 22,307, the investor wealth loss that took market capitalisation to Rs 470 lakh crore, what went wrong in five factors including the calibrated tightening stance (Jefferies and Nomura views), FII selling and crude near $101, the 2,645 declining stocks, the sectors that fell and rose, how this compares with the 1 October fall, key levels such as 22,182.55 and what investors can do.<\/p>\n

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