Nifty 50 closed at 22,600 on October 7 2026 after nine straight sessions of decline, ending the longest losing streak in 25 years. The reversal coincided with the Reserve Bank of India’s first rate hike in nearly four years. Financial stocks reversed early losses and drove the index higher in the final hour.
💡 Frequently Asked Questions (FAQ)
- Q: Why did Nifty 50 stop falling at 22,600?
- A: The index reversed after RBI’s first rate hike in nearly four years, with financial stocks snapping early losses and driving the index higher in the final hour.
- Q: What was the longest losing streak for Nifty 50?
- A: Nine straight sessions of decline ending Oct 7 2026, the longest losing streak in 25 years.
- Q: How did RBI’s rate hike impact Indian financial stocks?
- A: The rate hike boosted expectations for banking margins, triggering a strong late-session rebound in financial stocks that led the Nifty 50 rally.