Stock Market Today : NSE, BSE Closed as Nifty Ends Eighth Weekly Fall Near 22,422
Stock Market Today : NSE, BSE Closed as Nifty Ends Eighth Weekly Fall Near 22,422 Tired of reading market news but never knowing what to do with it? Learn to turn headlines, charts and FII data into clear, structured decisions. Explore Courses → 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. Full Name * Phone Number * Email * Message (optional) Know a friend who wants to learn trading but doesn’t know where to begin? Refer them to Delhi Trading Academy and earn rewards when they enroll. Refer and Earn → 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 Trading will resume on Monday, 5 October 2026. Traders may monitor several factors when the market reopens. 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. 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. Student Testimonials Real Success Stories See how Delhi Trading Academy has helped students become confident traders and investors. Tired of learning from random YouTube videos and tips? 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