Sensex falls 215 points in volatile trade post RBI policy

June 08, 2022 17:18

RIL was down 1.74 per cent

Equity benchmarks extended their decline for the fourth straight session on Wednesday, with the Sensex falling 214.85 points after the Reserve Bank raised the key interest rate by 50 basis points.

Continuous foreign fund outflows and surging crude oil prices also weighed on markets.

The 30-share BSE benchmark dropped 214.85 points or 0.39 per cent to settle at 54,892.49. During the day, the benchmark hit a high of 55,423.97 and a low of 54,683.30.

The broader NSE Nifty declined 60.10 points or 0.37 per cent to finish at 16,356.25. Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in rise in prices that it saw continuing to hurt consumers in the near term.

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