The rate hike comes on the back of a 40 basis points increase effected by RBI at an unscheduled meeting on May 4.
The 30-share BSE Sensex was trading 406.66 points lower at 55,519.08. The broader NSE Nifty declined 119.4 points to 16,542.
The 30-share BSE Sensex rallied 693.56 points to 55,578.22 in early trade. The broader NSE Nifty jumped 213.75 points to 16,566.20.
Market cap of all BSE-listed firms fell by Rs 5.25 lakh crore to Rs 241.10 lakh crore against Rs 246.31 lakh crore in the previous session.
Rupee too took a breather as it has appreciated from its all-time low of 77.42 the previous day to 77.25 this morning.
The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as the focus shifts to combating runaway price rise, exacerbated by geopolitical tensions.
The 30-share BSE benchmark was trading 648.25 points lower at 56,412.62. The NSE Nifty declined 185.3 points to 16,917.25.
The Board of Secondary Education (BSE), Odisha has released the date sheet for the upcoming Matric examination on Monday. As per the data provided by the Board, the exams will commence on April 29 and will continue till May 7.
Both Board of Secondary Education (BSE) and the Council of Higher Secondary Education (CHSE) are now holding consultations with all the stakeholders and a decision on class 10, 12 board exams.
On the front of the stocks, Tata Motors, Indusind Bank, UPL, Tata Steel, and Adani Ports were the top five gainers among the Nifty 50 stocks in the opening session.
The School and Mass Education Department today said that the Odisha government has already allowed reopening of classes for 8 to 12 students from February 7, 2022. As per the decision, both offline/ online/ hybrid teaching is being conducted in the State.
The students also urged the Board of Secondary Education (BSE) and the Council of Higher Secondary Education (CHSE) to clear the air on the exam dates at the earliest
Class 10 & 12th Board Exams: Student Reaction
The Board of Secondary Education (BSE), Odisha has asked authorities of all high schools in the State to take steps for correction of mistakes in the original pass certificates issued by the Board.
The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.
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