Indian equity markets extended their sharp sell-off, with the ripple effects of a hawkish RBI policy weighing heavily on rate-sensitive sectors and effectively resetting near-term valuation multiples.
The Nifty 50 ended at 22,231.80, down 371.25 points, or 1.64%, while the Sensex fell 1,045.46 points, or 1.46%, to settle at 71,593.24.