SENSEX drops over 300 points, NIFTY50 opens at 22,599; SBI Life, Bajaj Finance down, while IT stocks lead gainers

IT stocks like TCS, HCL Tech, Infosys, among others were leading the pack of gainers during the morning market session on Thursday, as investors focused on the upcoming TCS Q2 earnings report, which is scheduled to be released later today.

NSE data showed that the NIFTY50 index opened 0.02% or 4 points lower at 22,599.05 points on Thursday’s market, in comparison to 22,603.05 points at the previous equity market close.

In contrast, the BSE SENSEX index opened marginally higher at 72,668 points on October 8, in comparison to 72,638.70 points at the previous stock market close, according to the exchange data.

Both the benchmark indices declined during the early market hours due to the overall subdued sentiment in the market amid selling pressure from Asian equities.

As of 9:51 am (IST), the NIFTY50 was down 0.56% or 126 points at 22,477.75, while the BSE SENSEX was down 0.50% or 353 points at around 72,291 points during the trading session on October 8.

With FII maintaining their selling pressure on the Indian markets, the overall sentiment for the sectors was dented as major sectoral indices like Nifty Metal down 1.5%, Nifty Realty down 1.7%, Nifty India Defence down 1.4%, Nifty Energy down 1.2%, among others, were in the red on Thursday.

Crude oil prices were still in a rebound move, trading close to $102 per barrel on October 8, as commodity market investors fear a second round of potential supply chain disruption risk amid the frequent attacks on maritime traffic at the Strait of Hormuz.

Data also showed that US Treasury yields rebounded, closing near their multi-year high levels around 5.30%, which increases the risk of investors shifting towards fixed income assets giving higher yields than riskier emerging market bets.

Top gainers & losers on October 8

Stocks like Tata Consultancy Services (TCS), HCL Tech, Tech Mahindra, Infosys, and Trent were among the top five gainers as of the morning market hours on Thursday, October 8, 2026.

TCS was up 2.3%, HCL Tech was up 2.1%, Tech Mahindra was up 1.9%, Infosys was up 1.7%, and Trent was up 0.9% during the trading session.

While others like Adani Enterprises, ITC, SBI Life Insurance, Adani Ports, and Max Healthcare were among the top laggards as of the trading session on Thursday.

Adani Enterprises was down 3.2%, ITC lost 2.7%, SBI Life Insurance declined 2.5%, Adani Ports dropped 2.4%, Max Healthcare lost 2.1%, and Bajaj Finance lost 1.7% on October 8.

Out of the 50 stocks listed on the NIFTY50 index, 41 stocks were trading in negative territory, and 8 stocks were up in the green on Thursday’s market.