Indian equities markets on Wednesday tumbled as the Reserve Bank of India (RBI) decided to keep its key lending rate unchanged at 6.25 % in its sixth and final monetary policy review for 2016-17.
The key indices fell by around half a per cent immediately after the announcement by the central bank at 2.30 p.m.
The Sensex of the BSE then traded at 28,182.56 points — down 152.60 points or 0.54 %. Similarly, the Nifty of the National Stock Exchange (NSE) fell by 30.25 points or 0.34 % to 8,738.05 points.
Later, the wider 51-scrip Nifty corrected itself and stood down by 14.05 points — or 0.16 % — at 8,754.25 points.
The barometer 30-scrip sensitive index, which opened at 28,386.08 points, traded at 28,268.94 points (at 2.50 p.m.) — down 66.22 points or 0.23 % from the previous close at 28,335.16 points.
The Sensex has so far touched a high of 28,391.64 points and a low of 28,149.08 points during intra-day trade.
The BSE market breadth was marginally tilted in favour of the bears — with 1,433 declines and 1,392 advances.