Stock Market Update: Sensex Plunges 1,000 Points As RBI Raises Repo Rate By 40 Bps

The 30-share BSE Sensex was down over 1,000 points at 55,950-odd levels

New Delhi: Sensex and Nifty, the key equity benchmarks, on Wednesday extended losses in late noon deals after the RBI raised repo rates by 40 basis points to 4.40 per cent.

The 30-share BSE Sensex was down over 1,000 points at 55,950-odd levels.

Among the Sensex platform, the Bajaj twins (Bajaj Finserv and Bajaj Finance), Reliance Industries, Titan, Hindustan Unilever, HDFC Bank, Sun Pharma, Dr.Reddy's and Bharti Airtel were the major losers. PowerGrid and NTPC, however, held gains.

Sectorally, the BSE Consumer Durables index plunged 2.7 per cent, and the Healthcare index too was down over 2 per cent. The . metals, power, realty, auto, Bankex and Capital Goods indices were also down over a per cent. 

 

(This is BREAKING NEWS... More details to follow)