The RBI's decision to hike the repo rate by 25
basis points triggered a sell-off on the bourses and sent the key indices
crashing down to a dismal close on Friday.
The Sensex, which tanked to 20,051.43 post repo rate hike,
ended at 20,286.22 (provisional) with a loss of 360.42 points or 1.75%.
The Nifty closed at 6024.55, down 90.95 points or 1.49%, after
touching a low of 5932.85 intraday.
Bank and realty stocks were the worst hit in
the sell-off.
Automobile, capital goods ,PSU and metal stocks
too mostly ended notably lower.
FMCG, oil and consumer durables stocks ended
off their lows.
Select IT, pharma and power stocks moved up.
Midcap and smallcap stocks found some support
in the final hour.
The market breadth was weak.
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