Sensex Down Over 100 Points, Nifty Gives Up 11,350 As RBI Hikes Repo Rate To 6.5%

The Reserve Bank of India has decided to hike key repo rate by 25 basis points to 6.50 percent. The central bank has adopted a neutral stance. The market has seen some sudden selling in the past few minutes, especially among the financial names. The Sensex is down over 100 points, while the Nifty has given up 11,350-mark. All major sectoral indices are trading in the red, with Nifty PSU bank index dragging the market; the index is down over 1 percent. Coal India, TCS, and Lupin are the top gainers, while Vedanta, Maruti, and Hindalco have lost the most. For More Information Please Visit : www.dollaradvisory.com and Call : 9111179961