Illustration: Ajay Mohanty
The Indian fairness markets steered in a optimistic course after the Reserve Financial institution of India (RBI) hiked repo charges by 50 foundation factors (bps) to five.4 per cent. With this rate-hike cycle, the Indian central financial institution has raised rates of interest by 140 bps to this point. READ MORE
Frontline indices like Nifty50 rose 40 factors to commerce above 17,400 ranges, whereas the S&P BSE Sensex climbed over 200 factors to commerce at 58,517 ranges.
Fee-sensitive sectors like Nifty Financial institution and Nifty Realty acquire as much as 0.4 per cent. Nifty Auto, nevertheless, was down 0.1 per cent in commerce.
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