The Indian stock market closed in the red on Wednesday, with the Sensex and Nifty snapping a two-session relief rally as investors reacted to the RBI’s first rate hike in nearly four years and its shift to a ‘calibrated tightening’ stance.
Sensex lost 429 points to close below 72,639 while Nifty 50 dropped more than 173 points to end the session near 22,603. Broader markets were mixed, with Nifty Midcap 100 in the red and Nifty Smallcap 100 in the green.
