Stock Watch — October 8, 2026

Market-day summary | AI-generated, not investment advice. For informational purposes only.

Summary as of 08:23 AM IST, Thursday, October 8, 2026. The cash market is not open yet; prices below are the October 7 NSE close, not live October 8 prices. GIFT Nifty—the successor to SGX Nifty—was reported at 22,558, down 34 points (0.15%) from its previous futures close, indicating a softer start. That futures quote is not a cash-index level. ¹

📊 INDICES

All four tracked indices ended lower on October 7; IT was the weakest. Index closes, prior closes, point moves and percentages are from NSE’s official close file. ²

Levels to watch: Moneycontrol’s October 8 technical note puts Nifty support at 22,400, then 22,200, with resistance near 22,800 and then 23,000–23,200. The 22,600 area is a near-term pivot in the pre-market discussion. For Nifty Bank, 54,800 is cited as support and 55,200 as resistance; a sustained move above 55,200 would improve the short-term setup, but the broader trend was still described as weak. These are attributed technical reference levels, not predictions. ^{1 3}

🏦 BANKS — Digital Payments Focus

Kotak Mahindra Bank and ICICI Bank were the two strongest advances among these five names. The RBI’s rate decision adds uncertainty around deposit pricing, lending rates and funding costs; the opening response will matter more than a single prior-session close. Stock closes, previous closes and ranges are from NSE’s October 7 cash-market bhavcopy. ⁴ Prior-session lows/highs are reference points, not formal support/resistance.

💳 FINTECH — Pure Play

MobiKwik and Pine Labs were the two largest percentage gainers in this fintech list; SBI Cards was the weakest. NSE’s October 7 bhavcopy records PB Fintech as POLICYBZR and AvenuesAI as CCAVENUE (the supplied aliases PBFINTECH and INFIBEAM do not appear in that day’s cash-market file). NSE’s 2026 circular documents the AvenuesAI name/symbol change. ^{4 5}

AGS Transact remains under CIRP. Treat AGSTRA as a distressed security, not as a normal operating-company signal. ⁶

Prior-session lows/highs are reference points, not formal support/resistance. All stock prices and close-to-close moves above are from NSE’s October 7 cash-market bhavcopy. ²

📰 Sector News & Today’s Setup

• RBI tightened policy: On October 7, the MPC unanimously raised the repo rate by 25 basis points to 5.50% and shifted its stance to “calibrated tightening” by majority. The change was widely expected; the stance and rate-transmission implications are now the key bank-sector watch. ⁷
• Cautious pre-open: Economic Times reported GIFT Nifty at 22,558, down 34 points (0.15%) from the prior futures close. With the Nifty cash close at 22,603.05 and all four tracked indices lower on Wednesday, the early bias is mildly negative—not a guarantee of the opening move. ^{1 2}
• Flows remain an overhang: ET reported foreign investors net sold ₹6,121 crore on October 7, while domestic institutions bought ₹4,596 crore. ¹
• Payments-policy scan: No fresh RBI/NPCI/SEBI payment-rail announcement specific to the tracked companies was verified in the pre-market checks. Company-specific results, filings or deal news should be checked separately; no causal link is inferred from share-price moves.

Sources and method: NSE’s official October 7 index-close CSV supplies index closes and daily changes. The NSE cash-market bhavcopy supplies each stock’s close, previous close and session range. The cash market had not opened at the preparation time; GIFT Nifty is an indicative futures signal. ^{2 4 1}

Disclaimer: AI-generated, not investment advice. For informational purposes only. Verify prices with NSE/BSE before trading.