Nifty sinks to an 18-month low as rate fears bite
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 plunged to an 18-month low on 8 October, closing at 22,231.80.
- ✓This sharp fall happened as rate fears gripped the market.
- ✓Foreign investors sold shares worth ₹12,943 crore on Thursday, the highest in months.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
A day after the central bank raised interest rates for the first time in more than three years, India's equity benchmark Nifty 50 plunged to an 18-month low on Thursday, breaching its previous 52-week trough amid a broad-based selloff.
The slide, into its ninth straight week now, has deepened concerns over further market losses, with surging oil prices threatening to keep inflation elevated, trigger more rate hikes and prolong the pain in the market.
The National Stock Exchange's Nifty 50 ended 1.64% lower at 22,231.80 on 8 October, its lowest closing level since 7 April 2025. The index had hit an intraday low of 22,179, a tad below its previous 52-week low of 22,182.
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