Markets End Record Run After RBI Raises Repo Rate

The domestic stock market indices closed Wednesday’s session on a negative note after Reserve Bank of India (RBI) raised interest rates for the second straight meeting today. The S&P BSE Sensex slipped 84.96 points, or 0.23 per cent, to close at 37,521.62. The NSE’s Nifty50 index tripped 10.30 points or 0.09 per cent and settled at 11,346.20. In early trade today, the 30-share Sensex surged past 37,700 for the first time ever to hit an intra-day high of 37,711.87. The broader Nifty50 hit a lifetime high of 11,390.55.