BusinessMarkets Fall After RBI Hikes Repo Rate by 25 Basis Points
Indian stock markets fell sharply on Wednesday following the Reserve Bank of India's announcement to raise the repo rate by 25 basis points to 5.50%, the first hike in nearly four years. The Sensex dropped 429.11 points to 72,638.70, while the Nifty fell 173.05 points to 22,603.05. Sectors like metals and autos saw significant declines, with Hindalco down 3% and Infosys falling 2%. The market showed cautious reactions despite the policy decision.
Amar Business·



