Nifty 50 Sinks To 18-Month Low Amid FPI Selling And Rising Rate Fears

India's Nifty 50 index fell 1.64% to 22,231.80 on Thursday, hitting its lowest closing level since April 7, 2025, following the central bank's recent interest rate hike.

Foreign portfolio investors net sold shares worth ₹12,943 crore on Thursday, driven by rising global bond yields and crude oil prices surging 4.8% to $104 a barrel.

The RBI monetary policy committee hiked the repo rate by 25 basis points to 5.50% on Wednesday and shifted its policy stance from neutral to calibrated tightening.