RBI Rate Hike Influences Indian Stock Market Decline
Indian stock markets fell on Wednesday, with the Sensex dropping 429 points and the Nifty falling over 173 points, ending a two-day rally. Investors reacted to the Reserve Bank of India's rate hike and its calibrated tightening stance. Despite the overall decline, banking stocks showed gains, while broader market sentiment remained cautious ahead of Thursday's trading session.
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