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via thehindubusinessline.comEconomy

IT stocks lift Nifty despite rate hike, FII selling pressure

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Equity benchmarks opened lower on Thursday, October 8, 2026, as markets absorbed the RBI's surprise repo rate hike and weak global cues, even as IT heavyweights led by TCS climbed ahead of quarterly results due later in the day.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA surprise RBI rate hike is a market-moving monetary policy event affecting Indian equities and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The RBI surprised markets with a repo rate hike.
  2. 02Equity benchmarks opened lower as markets absorbed the rate hike and weak global cues.
  3. 03IT heavyweights led by TCS climbed, offsetting losses despite FII selling pressure.

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