Final Trade: Nifty below 16,700, Sensex tanks nearly 1300 points on RBI rate hike

The stock market closed strongly on the third day of the week i.e. on Wednesday. There was a good start but after the increase in interest rates by RBI, there was a huge sell-off in the market. Sensex and Nifty broke more than 2-2 percent and all the indices closed with red marks. There was a fall of 1,306.96 points in the Sensex and these indices closed at the level of 55,669.03. Apart from this, a fall of 391.50 points has been seen in the Nifty 50 index and this index has closed at the level of 16,677.60. In today's trading session, buying was seen in 825 shares, while there was a sell-off in 2454 shares. Apart from this, there was no change in 98 shares.