From mint · Srushti Sandeep Vaidya · · 1m
Nifty 50 hits 18-month low
Nifty 50 plunges to 18-month low as rate fears intensify.
In brief
Nifty 50 plunges to 18-month low as rate fears intensify. India's Nifty 50 dropped 1.64% to 22,231.80, its lowest level since April 2025, amid FPI selling and oil price rises. Originally reported by mint.
Nifty 50 drops 1.64%
The Nifty 50 closed 1.64% lower at 22,231.80 on 8 October, its lowest level since 7 April 2025.
FPIs sell ₹12,943 crore
Foreign portfolio investors net sold shares worth ₹12,943 crore on Thursday, their highest single-day selling since 29 May.
HDFC Bank shareholding shift
HDFC Bank saw its domestic institutional investor shareholding top foreign institutional investor shareholding for the first time in over 10 years.
Oil prices surge 4.8%
Brent crude surged 4.8% to $104 a barrel amid geopolitical uncertainties.
Nifty 52-week low breached
The Nifty 50 breached its previous 52-week low of 22,182, hitting an intraday low of 22,179.
RBI hikes interest rates
The Reserve Bank of India hiked the repo rate by 25 basis points to 5.50%, shifting policy stance to 'calibrated tightening'.
In short
India's Nifty 50 dropped 1.64% to 22,231.80, its lowest level since April 2025, amid FPI selling and oil price rises.
