Indian stocks drop 1.4% to 32-month low, investors lose over Rs 10 lakh crore
AI Market Summary
Indian equities slid to multi-year lows as the RBI's first rate hike in nearly four years tightened financial conditions amid sharp foreign outflows. Higher Brent crude added inflation and margin pressure, while volatility spiked, signaling stressed positioning. Broader Asian weakness reinforced risk-off sentiment. The combination of policy tightening, energy price shock, and sustained capital flight increases near-term fragility in India's equity benchmarks.
Impact level
● High
Affected assets
NCSINIFTY52USD/USDT-1.51%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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Indian equities fell 1.4% on Thursday to a 32-month low, wiping out more than Rs 10 lakh crore in investor wealth in a single session. Foreign investors have been net sellers for nine straight trading days, offloading $4.8 billion and pushing year-to-date net outflows to a record $30.4 billion, Reuters reported. Pressure also built after the Reserve Bank of India raised its repo rate by 25 basis points to 5.5% on Wednesday and Brent crude jumped 4.2% over a week to $104 a barrel.
