Today’s Stock Market Closing, 8 Oct: Nifty, Sensex Snap 4-Day Winning Streak; Weighed Down by Reliance and HDFC Bank, IT Sector Lone Gainer Ahead of TCS Q2FY26 Earnings

On Wednesday, October 8, Indian equity benchmark indices ended lower, snapping a four-day winning streak. The Nifty opened on a flat note, tracking weak cues from Asian peers. Although buying interest was visible in the morning session, profit-booking emerged as the day progressed, pushing the index into negative territory by the close.

At the close, the Nifty 50 declined by 62.15 points, or 0.25%, to settle at 25,046.15, while the Sensex slipped 153.09 points, or 0.19%, to end at 81,773.66. The indices were dragged by Reliance Industries and HDFC Bank.

Heavyweight financials(Nifty Financial Services) and banks (Nifty Bank) inched lower, dropping 0.39% and 0.42%, after rising in the last six sessions, helped by RBI's measures to boost bank lending and positive pre-earnings updates from banks for the September quarter.

The Nifty IT index was the only sectoral gainer, rising 1.51% ahead of TCS’s quarterly results on Thursday; TCS share price surged 1.8% on Wednesday.

Meanwhile, broader markets underperformed, with both the Nifty Midcap and Nifty Smallcap indices closing in the negative territory with a cut of over 0.50%. 

Stock-Specific Highlights

Among individual stocks,

• Tata Motors share price fell over 2% for the fourth straight session. Luxury carmaking unit Jaguar Land Rover said its Q2 wholesale and retail volumes are down 24.2% and 17.1%
• Titan rises 4.3% after the jeweller says domestic sales grew 18% in the September quarter.
• Salzer Electronics' share price was locked in the 20% upper circuit after winning a patent for a compact high-voltage safety device.
• Saatvik Green Energy gained 2.5% on a ₹488 crore and ₹219 crore solar module order.

Nifty IT - Top Gaining Sector

The Nifty IT index topped the chart with a surge of 1.51%, with 7 out of 10 constituents ending in positive territory. On the flip side, the Nifty Realty index declined by 1.83%, all constituents ending in negative territory.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Infosys: +26.31 points
• Titan Company: +13.21 points
• Tata Consultancy Services: +12.87 points

On the other hand, these stocks weighed on the index:

• Reliance Industries: -25.83 points
• HDFC Bank: -17.65 points
• Mahindra & Mahindra: -13.10 points

Broader Markets Ended Negative 

The broader market indices ended on a negative note on Wednesday. The Mid-cap 100 index ended down by 0.73% and the Small-cap 100 closed up by 0.52%. 

Market Breadth

As of October 8, 2025, the market breadth was in favour of declining stocks. Out of 3,207 stocks traded on the NSE, 1,250 advanced, 1,864 declined, and 93 remained unchanged. 

A total of 98 stocks touched their 52-week highs, while 94 hit their 52-week lows. Additionally, 103 stocks were locked in their upper circuits, whereas 51 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.