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on December 7 after the Reserve Bank of India raised the rates of interest for the fifth consecutive time on this calendar 12 months, persevering with its battle in opposition to inflation.
At shut, the Sensex was down 215.68 factors, or 0.34 per cent, at 62,410.68, and the Nifty was down 82.30 factors, or 0.44 per cent, at 18,560.50.
Earlier within the day, the RBI’s financial coverage committee hiked the important thing repo charge by 35 bps as anticipated to six.25 p.c and maintained the stance at “withdrawal of accommodation”.
The market began on a cautious observe forward of the assembly and slipped into adverse territory after the coverage announcement to stay rangebound via the session. Last-hour promoting pushed the indices to close the day’s low.
NTPC, Bajaj Finserv, Tata Motors, SBI Life Insurance and IndusInd Bank have been among the many high Nifty losers. The gainers included Asian Paints, BPCL, HUL, Larsen and Toubro and Axis Bank.
Among sectors, besides Nifty FMCG and PSU financial institution all indices ended within the pink. The power index was down a p.c, whereas the auto, data know-how, metallic and pharma indices have been down 0.5 p.c every.
BSE midcap and smallcap indices fell 0.4 per cent every.
On the BSE, energy, metallic and realty indices have been down a p.c every. Auto, healthcare and data know-how indices every ended 0.5 p.c decrease. Capital items and FMCG indices added 0.8 p.c every.
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