Sensex and Nifty closed in the red as the RBI's hawkish, wait-and-watch stance offset support from falling oil prices and Treasury bond yields.
Sensex declined 117 points to close at 74,243, while Nifty 50 ended the session at 23,367. This came even as India VIX, which measures volatility in the Indian stock market, declined nearly 1% to 15.75.
