Stock Market Outlook Today, 8 October: Sensex and Nifty Prediction With GIFT Nifty Near 22,557, Wall Street, Nikkei and Kospi Cues, FII and DII Flows, Key Support and Resistance Levels and What to Expect From the TCS Results

GIFT Nifty 22,557-22,601, down 32-35 pts. Nifty closed 22,603, Sensex 72,639. FIIs sold Rs 6,121 cr. US 10-yr 5.32%. Brent about $101. TCS after hours.

Updated: 8 Oct 2026 • 10:22 am

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Stock Market Outlook Today, 8 October: Sensex and Nifty Prediction With GIFT Nifty Near 22,557, Wall Street, Nikkei and Kospi Cues, FII and DII Flows, Key Support and Resistance Levels and What to Expect From the TCS Results

Quick Answer

Stock market outlook today points to a flat to weak start, with GIFT Nifty around 22,557 to 22,601, about 32 to 35 points below the Nifty futures' previous close, after Wall Street ended lower on 7 October as bond yields rose, with the Dow down 0.66% and the S&P 500 and Nasdaq each down about 0.22%. The Nifty closed at 22,603.05 on Wednesday, down 173.05 points or 0.76%, and the Sensex at 72,638.70, down 429.11 points, as the RBI's 25 bps hike to 5.50% and Brent near $101 weighed, while foreign investors sold Rs 6,121 crore and domestic institutions bought Rs 4,597 crore. My calculated pivot levels put first support near 22,527 and 22,451 and first resistance near 22,698 and 22,794, with the Nifty's 22,500 zone the level that traders are watching. TCS reports Q2 results after market hours and the GST Council meets today, so expect a range-bound session with stock-specific moves unless global yields or oil jump.

Stock market outlook today is shaped by yields, oil and foreign selling, since the Nifty is already about 14% below its September 2024 peak. Asian markets were lower on Thursday morning, with the Nikkei down 0.55% and the Kospi down 0.2%.

If you want one page before the opening bell, this article covers the stock market outlook today with a Nifty prediction and Sensex prediction, the GIFT Nifty signal near 22,557, the Nifty close of 22,603 and Sensex close of 72,638.70, Wall Street, Dow, Nikkei, Kospi and Taiwan cues, the 5.32% US yield, FII selling of Rs 6,121 crore, the 22,500 support, a prediction framework, TCS results and the risks.

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Table of Contents

Stock Market Outlook Today: GIFT Nifty and Global Cues

Market	Latest move	Note
GIFT Nifty	About 22,557 to 22,601, down 32 to 35 points	Signals a flat to weak open against the Nifty's 22,603 close
Dow Jones	Down 0.66%	Overnight close on 7 October
S&P 500	Down about 0.22%	Higher bond yields curbed appetite
Nasdaq Composite	Down about 0.22%, as reported	Tech also eased
US stock futures	Little changed	Dow futures down 0.02%, S&P futures up 0.02%
Nikkei 225	Down 0.55%	Asian trade on 8 October
Kospi	Down 0.2%	Asian trade on 8 October
Taiwan	Not verified	I could not find a reliable figure; check live data
US 10-year yield	About 5.32%	Near a 24-year high of about 5.33%
Brent crude	About $101	Supported by tanker attacks near the Strait of Hormuz

The common thread in the stock market outlook today is higher bond yields, which lift the cost of capital and pull money from equities, and which matter more for India because foreign flows are already weak.

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How the Indian Market Closed Before the Stock Market Outlook Today

Index	Close on 7 October	Move
Nifty 50	22,603.05	Down 173.05 points, or 0.76%; range 22,546.30 to 22,717.65
Sensex	72,638.70	Down 429.11 points, or 0.59%
Nifty Bank	55,055.55	Down about 0.13%
Nifty Financial Services	24,916.40	Down about 0.12%
Nifty Midcap 100	Lower	Down about 0.6% by one report
Nifty Smallcap 100	Higher	Up about 0.4% by one report

Before the stock market outlook today, the Nifty opened near 22,690 and sold off into the close after the RBI's rate hike, which ended a two-session winning run, and financials and autos led the fall.

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FII and DII Flows in the Stock Market Outlook Today

Participant	7 October	Reading
FIIs, cash	Net sold Rs 6,121.37 crore	A heavy outflow on the RBI hike day
DIIs, cash	Net bought Rs 4,596.57 crore	Absorbed most of the selling
Net of both	Net sold about Rs 1,524.80 crore	Institutions together were net sellers
FPI selling this year	A record of about Rs 2.7 lakh crore through 1 October	A persistent overhang

Domestic buying has cushioned each fall, which is why the stock market outlook today still has the Nifty above 22,500 even on heavy foreign selling.

Nifty Support and Resistance in the Stock Market Outlook Today

Level	Nifty	Source
Resistance 3	About 22,919	Pivot level from 7 October data
Resistance 2	About 22,794	My classic pivot, from the 7 October high, low and close
Resistance 1	About 22,698 to 22,717	My pivot and the 7 October high
Pivot	About 22,622	My classic pivot
Support 1	About 22,527 to 22,546	My pivot and the 7 October low
Support 2	About 22,451 to 22,500	My pivot and the psychological level
Wider support	22,303 and 22,117	Levels from one technical provider
Wider resistance	22,903 and 23,089	Levels from the same provider

Index	Support 1	Support 2
Sensex	71,755	71,208
Bank Nifty	54,375	53,953
Nifty Financial Services	24,611	24,422

The pivots in the stock market outlook today are my own classic calculations and provider levels differ, so use them as a map and not as signals.

Stock Market Outlook Today: Nifty Prediction and Sensex Prediction Framework

Scenario	Trigger	Likely Nifty zone
Flat to weak open	GIFT Nifty near 22,557 to 22,601 and soft Asia	22,540 to 22,620 in early trade
Recovery	Yields ease, banks hold and the Nifty clears 22,717	22,700 to 22,850
Slide	Yields or Brent jump and FIIs sell again, breaking 22,546	22,450 to 22,500, and 22,300 if 22,450 breaks

This stock market outlook today is a scenario map and not a forecast. The result of TCS after market hours decides the tone for the next session more than for today.

Events That Shape the Stock Market Outlook Today

TCS Q2 results after market hours, with a second interim dividend on the agenda.
The GST Council's 57th meeting, with pharma, FMCG and telecom in focus.
A proposal to defer UPI merchant discount rates to 1 January 2027 from 15 October.
The rupee near 97 and US Treasury yields near 5.3%.
Brent near $101 and Middle East risks around the Strait of Hormuz.

Sectors and Stocks in the Stock Market Outlook Today

Group	Why it matters today	Watch
IT	TCS results set the tone for the sector	TCS rose about 3% before results
Banks	Higher rates help margins but loan costs hurt demand	Nifty Bank held near 55,000
Autos and realty	Sensitive to loan costs after the hike	Weakness on 7 October
Metals	Tata Steel's Q2 update shows strong India volumes but weak Europe	Reaction at the open
Pharma	Sun Pharma's Rs 15,000 crore NCD plan and the GST Council	Board meets 12 October

Risks to the Stock Market Outlook Today

Yields: A further rise in US yields can hit global equities and the stock market outlook today for emerging markets.

Oil: Brent above $100 raises inflation and the import bill.

Foreign selling: Another heavy FII outflow can break 22,500 and change the stock market outlook today.

Event risk: TCS and the GST Council can move sectors in either direction.

Gap risk: GIFT Nifty can change before the open, so check the number at 9:00 am.

What to Watch Next After the Stock Market Outlook Today

TCS's numbers, dividend and the 9 October reaction.
FII and DII data for 8 October.
HCLTech results on 12 October and Sun Pharma's board meeting.
US Treasury yields, Brent and the rupee.
Whether the Nifty holds 22,500 for the week.

Conclusion

The stock market outlook today is for a flat to weak open, with GIFT Nifty near 22,557 to 22,601, Wall Street lower on rising yields and the Nifty at 22,603 after the RBI hike, with 22,500 as the key support. TCS results and the GST Council can move individual sectors. Consult a SEBI-registered advisor before making any decision.

Disclaimer: 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).

Frequently Asked Questions

What is the stock market outlook today?

Ans. The stock market outlook today is a flat to weak start, with GIFT Nifty about 32 to 35 points lower, Wall Street down on bond yields and the Nifty at 22,603 after the RBI hike.

Where is GIFT Nifty trading?

Ans. Around 22,557 to 22,601, down about 32 to 35 points from the Nifty futures' previous close.

How did the Sensex and Nifty close on 7 October?

Ans. Before the stock market outlook today, the Sensex fell 429.11 points to 72,638.70 and the Nifty fell 173.05 points to 22,603.05.

What did Wall Street and Asia do?

Ans. The Dow fell 0.66% and the S&P 500 and Nasdaq about 0.22% each, and the Nikkei and Kospi were down 0.55% and 0.2% on Thursday.

What are the key Nifty levels?

Ans. In the stock market outlook today, support is near 22,546 and 22,500, and resistance near 22,717 and 22,794, from my calculations and the 7 October range.

What did FIIs and DIIs do?

Ans. FIIs sold Rs 6,121.37 crore and DIIs bought Rs 4,596.57 crore on 7 October.

Which events matter today?

Ans. For the stock market outlook today, TCS Q2 results after market hours, the GST Council meeting and the UPI MDR proposal.

What is the Nifty prediction and Sensex prediction today?

Ans. This article does not constitute investment advice. The stock market outlook today is a scenario map, not a forecast. Consult a SEBI-registered financial advisor.