Indian equity benchmarks opened lower on Thursday, October 8, extending the previous session’s decline. The Nifty 50 fell 0.23% to 22,545.85, while the Sensex was down 0.24% at 72,455.17 in early trade.
Investor sentiment remained cautious after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50% on Wednesday and shifted its policy stance towards calibrated tightening. Rising crude prices and continued foreign investor selling have added to the pressure on domestic equities. (reuters.com)
The market is also tracking the September-quarter earnings season, which begins with Tata Consultancy Services among the major companies reporting results on Thursday. IT stocks were relatively stronger in early trade, while most other sectors remained under pressure. (reuters.com)
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