{
  "id": 12909074,
  "title": "Nifty hits intra-day high on open for the sixth time in 2026",
  "url": "https://urgent.news/2026/10/08/nifty-hits-intra-day-high-on-open-for-the-sixth-time-in-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T16:33:26.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nifty-hits-intra-day-high-on-open-for-the-sixth-time-in-2026/article71560509.ece"
  },
  "original_language": "en",
  "account": "The Nifty, a key benchmark index, reached an intra-day peak on its opening day for the sixth consecutive year in 2026. This phenomenon, previously observed in 2023, has become increasingly common. The Nifty closed at 22,599.05 points on the day, marking the highest level it has hit at the opening, a pattern that has been noted five times in 2025 and three times in the previous year. However, the market experienced a significant downturn as investors reacted to the central banks' decision not to cut interest rates in upcoming monetary policy meetings. The Nifty fell 1.6% to 22,231.8 points, the lowest level in over 13 months, wiping out early gains from the week.\n\nOut of the 3,722 stocks traded on the National Stock Exchange (NSE), 2,950 declined while 660 advanced, indicating a broad-based weakness in market sentiments. All 21 sectoral Nifty indices were affected, with Nifty Realty and Nifty Metal declining by over 3%, while Nifty IT saw a moderate drop of 0.08%. Foreign Portfolio Investors, who have been selling Indian equities for the third consecutive year, offloaded ₹6155.75 crore worth of stocks, contributing to the market's decline. The sharp capital outflow also led to a depreciation of the domestic currency, with the rupee trading at ₹96.88 against the dollar, making it more expensive for the second consecutive day.\n\nThe heightened market volatility, measured by the India VIX index, surged by 10.2% to 15.3 points from the previous day's close of 13.8 points. Experts warn that if the Nifty were to fall below 22,180 points, it could potentially drop as low as 21,750 points, further exacerbating the market's volatility as long as crude prices and global yields remain unstable.",
  "summary": "This is the sixth such instance in 2026. The market opening-at-day-high occurred six times in 2023. In 2025 it happened five times, and in 2024 three times",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}