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Business & Stocks Business Standard • Oct 08, 2026

Nifty Slips 0.76 Percent Amid RBI Rate Hike Pressures: Ajit Mishra's Top 3 Stock Picks Including Indian Hotels and NALCO

💡 Key Takeaways

•Nifty declined 0.76 percent due to RBI rate hike pressures and global macro risks.
•Ajit Mishra recommends Indian Hotels and NALCO among top stock picks for today.
•Investors are advised to track inflation outlooks and maintain disciplined risk management.

NEW DELHI [NCRBuzz Wire] — **Indian equity benchmarks faced heavy selling pressure as the Nifty dropped 0.76 percent during the trading session, driven primarily by the RBI rate hike, heightened inflation projections, and broader global macroeconomic headwinds.** Investor sentiment turned cautious as market participants reassessed asset valuations against tightening monetary policy parameters.

### Market Performance Metrics

| Market Index / Asset | Percentage Change | Key Catalysts & Drivers |

|---|---|---|

| Nifty 50 | -0.76% | RBI Rate Hike, Inflation Concerns |

| Indian Hotels | Bullish Pick | Sectoral Demand, Technical Breakout |

| NALCO | Bullish Pick | Commodity Cycle, Volume Support |

**Analyst Ajit Mishra of Religare Broking has outlined strategic stock recommendations focusing on fundamental resilience amidst macroeconomic volatility.** Investors are advised to maintain strict stop-loss levels and monitor upcoming RBI monetary policy announcements for further directional cues.

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🏛️ Background Context

Indian equity markets have experienced heightened volatility as the RBI adopts a tightening monetary stance to combat persistent domestic inflation pressures alongside challenging global geopolitical and macroeconomic developments.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: Why did the Nifty decline by 0.76 percent in the recent trading session?

The Nifty fell due to RBI's rate hike measures, higher inflation outlooks, and prevailing global macroeconomic risks affecting investor sentiment.

Q2: Which specific stocks were recommended by analyst Ajit Mishra?

Ajit Mishra recommended selective stocks including Indian Hotels and NALCO for short-term positioning amidst market volatility.

Q3: What risk management strategies should traders adopt currently?

Traders are advised to apply strict stop-losses and closely monitor forthcoming RBI policy announcements and global macro data points.

Verified Wires: Business Standard Original Wire Dispatch ↗

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