Business Standard

Realty, auto stocks losers as indices give mixed response to rate hike

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said

Photo: Bloomberg
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Photo: Bloomberg

Press Trust of India New Delhi
The BSE Sensex tumbled for the fourth session on the trot on Wednesday after the Reserve Bank of India (RBI) raised the key interest rate by 35 basis points and lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal.
 
Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said.
 
The 30-share BSE benchmark ended 215.68 points or 0.34 per cent lower at 62,410.68. Similarly, the broader Nifty50 fell 82.25 points or 0.44 per cent to 18,560.50.
 
NTPC was the top loser in the Sensex pack, shedding 2 per cent,

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