[ad_1]
Stock market live updates: Equity markets turned volatile after the Reserve Bank of India (RBI) hiked repo rate by 35 basis points to 6.25 per cent. The decision was taken with a 5:1 majority.
RBI, however, lowered its GDP growth forecast for FY23 to 6.8 per cent from 7 per cent earlier. The MPC voted 4-2 to remain focused on withdrawing accommodation so that inflation remains within the target while supporting growth. READ MORE
Against this backdrop, the BSE Sensex was down 105 points to 62,520, and the NSE Nifty50 was fell 47 points to 18,596.
HCL Tech, Wipro, NTPC, TCS, Tech M, Kotak Bank were the top laggards on the Sensex, down up to 0.7 per cent, while ONGC was the top Nifty loser.
On the flip side, Asian Paints, L&T, ICICI Bank, SBI, Ultratech Cement, Sun Pharma, Cipla and BPCL were the top gainers across the two indices.
[ad_2]
Source link
