Sensex Today, October 7, 2026: Nifty Falls 150 Points as RBI Hikes Repo Rate
Indian equities came under renewed pressure on Wednesday, with the Sensex Today October 7 2026 session seeing the Nifty fall more than 150 points and the Sensex decline nearly 500 points by the afternoon.
The Nifty slipped towards the 22,600 level, while the Sensex fell to around 72,600 as selling pressure returned after two consecutive sessions of gains. The Nifty Bank also declined by around 300 points, moving below the 55,000 mark.
The Nifty today session remained broadly weak, with all stocks in the Nifty Metal index trading in the red and the sectoral index falling more than 2%.
The market reaction came as the Reserve Bank of India’s Monetary Policy Committee raised the policy repo rate by 25 basis points to 5.5% on Wednesday.
The RBI’s rate increase marked its first policy rate hike in more than three-and-a-half years, according to the market update. Investors were also watching the central bank’s stance, growth and inflation projections, along with Governor Sanjay Malhotra’s comments on the policy outlook.
The RBI repo rate hike was closely watched by rate-sensitive sectors, including banking and real estate. Rohan Sharma of JLL said home-loan rates remained competitive and that a 25-basis-point increase was unlikely to significantly affect premium housing demand, although affordable housing could face greater pressure.
Among individual stocks, PVR INOX gained as much as 10% after CLSA retained its ‘Outperform’ rating and set a target price of ₹2,135. India Glycols also surged as much as 20% during intraday trading.
The weakness extended across several large stocks. Titan, Asian Paints and SBI Life were among the major laggards during the afternoon session.
The rupee also weakened by 50 paise to 96.83 against the US dollar, moving closer to its recent record low of 96.96. The currency had closed at 96.35 on Tuesday.
The Sensex Today October 7 2026 session also saw Prime Focus shares decline sharply after the company confirmed that the Income Tax Department had begun searches at certain offices.
Traders will closely monitor the RBI’s policy commentary and its implications for interest rates, inflation and economic growth. The market will also track developments in telecom tariffs, the proposed Jio Platforms IPO and movements in the rupee.
For the Indian stock market today, the immediate focus remains on whether the benchmark indices can recover from their afternoon losses or whether selling pressure persists through the close.