India’s benchmark equity indices NSE and BSE ended in the green as the Reserve Bank of India announced a 25 bps repo rate hike.
The NSE Nifty 50 advanced 150 points, or 0.85%, to 17,871.7, while the BSE Sensex rose 377.75 points to 60,663.
Also, the broader markets and sectoral indices all closed in the green. Nifty Metal, Nifty Pharma and Nifty IT were the top gainers on Wednesday.
Indian stock markets
Nifty, Sensex rose after Reserve Bank MBC hiked key interest rate by 25 basis points. The repo rate was seen at 6.5%.
The Mumbai Stock Exchange (BSE) Sensex was up 377.75 points, or 0.63%, at 60,663.79, while the National Stock Exchange NSE Nifty 50 was up 150.20 points, or 0.1708%.
Indian rupee value
The Indian rupee rose 0.19% to 82.53 against the US dollar.
crude oil
WTI crude for March delivery rose 1.4% to $78.22, while Brent crude for March delivery rose 1.08% to trade at $84.59 at 3:15 pm (IST).
Cryptocurrency
Bitcoin (BTC) was trading at $23,209.97, up 1.09% at 3:15 p.m. Its total market capitalization is $447,331,729,031.
Ethereum (ETH) gained 1.96% in the last 24 hours to trade at $1,671.46. Its total market capitalization is $204,541,192,948.
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