Stock Market Crash Today: The Indian stock market witnessed a heavy sell-off after the RBI announced an increase in the repo rate and an increase in inflation estimates. Both the Sensex and Nifty closed in the red on Wednesday after two consecutive days of gains. During the day, the pressure on the market increased to such an extent that investors’ assets fell by around ₹ 3.76 lakh crore.

Sensex falls 429 points, Nifty closes at 22,603

The BSE Sensex closed down 429.11 points or 0.59 per cent at 72,638.70 in the trade on 7 October 2026. While the NSE Nifty closed down 173.05 points or 0.76 percent at 22,603.05. In intraday trade, the Sensex fell nearly 599 points to 72,468.72, while the Nifty fell 229.80 points to 22,546.30.

RBI’s decision puts pressure on the market

RBI’s decision to increase the repo rate and increase in inflation estimates are believed to be the main reasons for the fall in the market. A rise in repo rate increases the cost of loans and has a direct impact on interest rate sensitive sectors like auto and real estate.

Due to this, both the Nifty Auto and Nifty Realty indices fell by over one-and-a-half percent, while the Nifty Metals lost over 2 percent. Banking stocks, on the other hand, tried to manage the market a bit and the Nifty PSU Bank remained about 1 percent stronger.

The market cap fell by ₹ 3.76 lakh crore in one day

The total market cap of all companies listed on BSE on October 6 was around ₹474.75 lakh crore. It fell to around ₹470.99 lakh crore on October 7. Thus, investors’ wealth fell by around ₹ 3.76 lakh crore in a single trading session.

Midcaps weak, smallcaps slightly relieved

A mixed trend was seen in the broader market. The Nifty Midcap 100 fell over half a percent, while the Nifty Smallcap 100 gained around half a percent. A total of 4,614 stocks were traded on BSE. Among them 2,013 stocks rose, 2,360 stocks fell and 241 stocks remained unchanged. 160 shares touched a 52-week high, while 157 shares touched a 52-week low.