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Sensex Today | Stock Market LIVE Updates: We are at the halfway mark of the day's trade and while the markets have recovered from lows, but remain adamantly in red. The euphoria seems to have been short-lived, at least for now. The Nifty is down over 150 points, falling to the 22,600 mark. The Nifty Bank crashes 300 points, falling below the 55,000 mark. Titan, Asian Paints, and SBI Life are the top laggards.
Sensex Today | Stock Market LIVE Updates: It seems like back to square one, as the markets are once again under pressure yet again. The Nifty, after two straight days of healthy gains, is now down over 150 points, slumping to 22,600. The Sensex index is down close to 500 points, falling to 72,600.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) determined to increase the policy repo rate by 25 basis points to 5.5% following the completion of its three-day deliberation on Wednesday, October 7.
This represents the first instance in more than three-and-a-half years during which India's central bank has implemented a policy interest rate increase.
While the consensus is for a 25 basis points rate hike by the central bank, their stance, growth and inflation forecasts along with the governor's commentary on the road ahead will be keenly watched by the street.
Watch this space for all the LIVE stock market updates.
HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty holds above 22,600; Brent slips below $101
