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Indian benchmark indices opened on a subdued note on Thursday following the RBI's policy announcements, with the Sensex slipping over 300 points and the Nifty tumbling below the 22,550 level, as the central bank's shift towards tighter monetary policy weighed on investor sentiment.
Sensex and Nifty fall in early trade as RBI signals more tightening. See the laggards, IT winners, Fed minutes, crude and FPI flows and the key Nifty levels today.
Indian benchmark indices recover as banking stocks rally following RBI's hawkish stance and a 25-bps repo rate hike. Analysts highlight inflation risks and potential for further rate hikes.