MARKETS: Sensex gains 300pts, Nifty above 17450 post RBI’s 50bps rate hike

stock market

Illustration: Ajay Mohanty

The Indian equity steered in a positive direction after the (RBI) hiked repo rates by 50 basis points (bps) to 5.4 per cent. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. READ MORE

Frontline indices like Nifty50 rose 40 points to trade above 17,400 levels, whereas the S&P BSE climbed over 200 points to trade at 58,517 levels.

Rate-sensitive sectors like Bank and Realty gain up to 0.4 per cent. Auto, however, was down 0.1 per cent in trade.


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