Sensex, Nifty fall as investors lose over ₹7 lakh crore
In short
Indian shares fell sharply on October 8. Nifty dropped 1.11%, Sensex fell nearly 700 points, and market value fell by over ₹7 lakh crore.
The report says higher repo rates, foreign selling, and inflation worries were part of the pressure. It does not give a fuller explanation for the move or say how long the weakness may last.
What the reporting says
The Indian stock market plunged on October 8, with Nifty down 1.11% and Sensex falling nearly 700 points. The publisher-supplied summary links the drop to rising repo rates, foreign selling, and inflation concerns, and says market capitalisation fell by over ₹7 lakh crore. The exact trigger for the selloff was not fully established in the available reporting.
Why it matters
The Indian market saw a broad selloff on October 8, with the Nifty down 1.11% and the Sensex off by nearly 700 points, according to the summary. It also says investors lost over ₹7 lakh crore in market capitalisation, while citing repo-rate pressure, foreign selling, and inflation concerns. The reporting does not identify a single cause or say whether the decline will continue.