Stock Market Today : NSE, BSE Closed as Nifty Ends Eighth Weekly Fall Near 22,422
- Updated on:October 2, 2026
Indian markets opened October 2026 on a weak note. At 10:50 AM IST, Nifty 50 fell 0.29% to 22,555 and Sensex slipped 0.08% to 72,423. Auto stocks declined 3.2%, while IT and Bank gained 1.8% and 0.6%, respectively. FIIs sold ₹10,148 crore, while DIIs bought ₹11,272 crore on September 30.
Indian stock exchanges are closed today, Friday, 2 October 2026, on account of Gandhi Jayanti. Trading will resume on Monday, 5 October 2026.
In the previous trading session on Thursday, 1 October, the Nifty 50 declined 0.88% to close at 22,421.95, while the Sensex fell 0.79% to 71,909.70. The Nifty continued its weak trend and recorded its eighth consecutive weekly decline.
With markets closed today, traders and investors can use the holiday to review the week’s market performance and understand the key factors that could influence trading when the exchanges reopen on Monday.
Stock Market Snapshot (Last Session: 1 October 2026)
| Index | Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 22,421.95 | -198.50 | -0.88% |
| Sensex | 71,909.70 | -570.59 | -0.79% |
| Nifty Bank | 54,450.75 | -182.30 | -0.33% |
| Nifty IT | 28,304.70 | +599.90 | +2.17% |
| Nifty Auto | 25,384.95 | -909.00 | -3.46% |
What Moved the Market This Week?
Foreign Institutional Selling
Foreign institutional investors were net sellers of approximately ₹9,484 crore on 1 October. Domestic institutional investors, meanwhile, were net buyers of around ₹10,042 crore. Domestic institutional buying provided some support to the market, but continued foreign selling remained an important factor behind the broader weakness.
Crude Oil and Bond Yields
Brent crude was trading near $103 a barrel, while US bond yields moved higher following the previous US trading session.
Higher crude prices can be significant for the Indian economy because of its dependence on imported oil. A sustained rise in crude prices can influence inflation expectations, the rupee and corporate margins.
Bond yields are another factor traders monitor because changes in global yields can affect capital flows and overall market sentiment.
Eighth Consecutive Weekly Fall
The Nifty 50 ended another week in negative territory, extending its losing streak to eight consecutive weeks.
The extended decline highlights continued selling pressure in the market. However, a prolonged losing streak by itself does not indicate when the trend will reverse.
For traders learning technical analysis, this is also an example of why market trends should be studied through price action, support and resistance levels, volume and other indicators rather than through a single market statistic.
Key Market Developments
IT Stocks Rise Despite Broader Market Weakness
The Nifty IT index gained 2.17% on 1 October. Mphasis, Coforge and Infosys were among the notable gainers in the sector.
The sector’s positive performance stood out against the broader market decline. However, a single-day rise does not by itself establish a change in the longer-term trend.
Auto Stocks Decline
The Nifty Auto index fell 3.46% during the session.
Monthly sales numbers weighed on some auto stocks, contributing to the sector’s weakness. Traders generally monitor monthly sales data alongside broader demand trends, company performance and market sentiment.
Kotak Mahindra Bank Gains After CEO Appointment
Kotak Mahindra Bank gained more than 3% during the session after Anup Kumar Saha was named Managing Director and Chief Executive Officer.
The stock’s movement showed how company-specific developments can influence individual stocks even when the broader market is under pressure.
Hospital Stocks Remain Under Pressure
Hospital stocks were among the weaker areas of the market amid concerns related to drug-pricing regulation.
Sector-specific regulatory developments can affect investor expectations and therefore remain important factors for traders following individual industries.
Stocks and Sectors in Focus
| Stock/Sector | Movement on 1 October | Key Development |
|---|---|---|
| Nifty IT | +2.17% | IT stocks led the sector's gains |
| Nifty Auto | -3.46% | Monthly sales data weighed on the sector |
| Kotak Mahindra Bank | Over +3% intraday | New MD and CEO appointed |
| BSE Metals | -2.18% | Broad sectoral weakness |
| Hospital Stocks | Lower | Concerns over drug-pricing regulation |
What Traders Should Watch on Monday
Global Market Cues
Crude oil prices and US bond yields could influence market sentiment after the holiday break. Any significant movement in global markets during the closure could also be reflected in domestic trading.
FII and DII Activity
Foreign and domestic institutional flows will remain important indicators. Traders can monitor whether foreign selling continues and whether domestic institutional buying provides support.
Interest Rate Expectations
Interest-rate expectations are another factor that can influence equities, bonds and currency markets. Market participants should distinguish between individual institutional views and official policy decisions.
Corporate Actions and Events
Traders should also check the upcoming corporate-action calendar before taking positions. Relevant events scheduled around 5 October include an ex-dividend date and several IPO closing dates.
Trading Concept: Understanding Market Breadth
Market breadth measures the number of stocks that are advancing compared with the number of stocks that are declining.
On 1 October, the NSE recorded approximately 729 advancing stocks against 2,556 declining stocks.
This indicates that market weakness was broad rather than being limited to a small number of large stocks.
For traders, breadth can provide additional context when analysing a market move. It is generally considered alongside price action, trading volume and major index levels rather than being used as a standalone indicator.
Frequently Asked Questions
Is the stock market open today, 2 October 2026?
No. NSE and BSE are closed on 2 October 2026 for Gandhi Jayanti. Trading is scheduled to resume on Monday, 5 October 2026.
Where did the Nifty 50 close in the last session?
The Nifty 50 closed at 22,421.95 on 1 October 2026, down 198.50 points or 0.88%.
What was the Sensex closing level?
The Sensex closed at 71,909.70 on 1 October 2026, declining 570.59 points or 0.79%.
What is FII and DII activity?
FII and DII activity refers to the net buying and selling activity of foreign institutional investors and domestic institutional investors.
On 1 October, FIIs were net sellers of approximately ₹9,484 crore, while DIIs were net buyers of around ₹10,042 crore.
Why is the Nifty's eight-week losing streak important?
The eight consecutive weekly declines indicate that the index has remained under sustained selling pressure. However, the length of a losing streak does not indicate when a trend will reverse.
Disclaimer: This article is published for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Market conditions can change rapidly. Readers should conduct their own research and consult a SEBI-registered investment professional where appropriate.
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