The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.

stock market BSE building

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	The markets exhibited a high amount of volatility as the RBI hiked repo rate hike by 50 basis points.&nbsp;</div>
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	The key benchmark indices, which were woobly in early trades, rebounded into the positive zone led by fresh gains in financials and select other rate sensitives as the rate hike was on expected lines.&nbsp; However, a fresh round of selling, in select index heavyweights, in the latter half of the day forced the benchmark indices to erase gains and slip back into the negative zone.&nbsp;</div>
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	The BSE Sensex swung in a range of 741 points on Wednesday. The index touched a low of 54,683 and a high of 55,424 before finally settling 215 points lower at 54,892. The NSE Nifty shut shop at 16,356, down 60 points.</div>
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	Among the Sensex 30 stocks, Tata Steel, SBI, Dr.Reddy&#39;s, Titan, Maruti, Bajaj Finance and Bajaj Finserv ended with notable gains, while Bharti Airtel plunged over 3 per cent. ITC, Reliance Industries and Asian Paints were the other major losers.</div>
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	Among the broader market, the BSE Midcap and the Smallcap indices also ended with minor losses. The breadth too was marginally negative.</div>
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	Sectorally, the BSE Telecom index shed 1.6 per cent. The Energy and FMCG indices were down a per cent each. On the positive front, the BSE Realty index surged nearly 2 per cent.&nbsp;</div>
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	Among other individual stocks - MRPL soared over 9 per cent. The stock traded at its highest level since October 2018 and has more-than-doubled in the last two months. <a href="https://www.business-standard.com/article/markets/mrpl-hits-highest-level-since-oct-2018-stock-more-than-doubles-in-2-months-122060800205_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Bata India slipped 2.5 per cent after the promoter company reportedly recently divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions. <a href="https://www.business-standard.com/article/markets/bata-india-extends-fall-after-promoter-2-8-stake-sale-down-8-in-7-days-122060800578_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh

Business Standard

Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh | News on Markets - Business Standard

RBI Policy LIVE :: MSF Rate & Bank rate increased to 5.15% from 4.65%

RBI Policy LIVE :: Putting in place margin requirement for non-centrally cleared OTC derivatives

Market Check:: BSE S&P Sensex off lows, down 150 points

The S&amp;P BSE Sensex dipped to a low of 54,683 after the RBI announced a 50 bps rate hike. The index, however, has since then recovered partially.&nbsp;<br />
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RBI Policy Impact: Nifty Bank moves in green after rate hike; SBI up 1%

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RBI Policy LIVE :: MPC is committed to dealing with current challenge, says Shaktikanta Das

RBI Policy LIVE :: Assume average crude oil price in the Indian basket of $105 per barrel, says Guv

RBI Policy LIVE :: Will take care of govt borrowing plan; tracking bond market closely

&gt;&gt; MPC will ensure adequate liquidity in the economy to support growth<br />
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&gt;&gt; Indian rupee has performed better than other EM currencies

RBI Policy LIVE :: Money market rates have increased post May rate hike, says Das

&gt;&gt; Surplus liquidity being withdrawn gradually<br />
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RBI Policy Impact:: BSE Realty index rebounds post rate hike, up 0.5%

Lodha Developers was the top gainer, up 2.5 per cent. Others like Brigade Enterprises, DLF and Phoenix held marginal gains. The BSE Realty index had touched a low of 3,141 earlier in the day, and was up 0.5 per cent at 3,177.<br />
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	<img align="left" alt="chart" class="imgCont" height="323" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/08/full/1654663645-8176.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="613" /></div>
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RBI Policy LIVE :: Retail inflation expected at 6.7% for FY23, risks balanced

RBI Policy LIVE :: Household consumer survey shows softer inflationary pressure expectation, says Das

&gt;&gt; Upside risks to inflation persists due to energy prices<br />
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&gt;&gt; Households expect inflation to fall by 119 bps over the next 3 months

RBI Policy Impact: India's 10-year bond yield slips to 7.5%

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RBI Policy LIVE :: Real GDP growth for FY23 is retained at 7.2%, risks balanced

Q1FY23: 16.2%<br />
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Q2FY23: 6.2%<br />
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Q3FY23: 4.1%<br />
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Q4FY23: 4%

RBI Policy LIVE :: Capacity utilisation expected to improve in FY23, says Das

&gt;&gt; Investment activity likely to rise<br />
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&gt;&gt; Exports remained buoyant in May for 15th straight month

RBI Policy Impact: Nifty50 falls below 16,400 levels

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