Final Trade: Nifty Slips Below 16,400, Sensex Declines Over 200 Points As RBI Hikes Repo Rate

After increasing the repo rate by the Reserve Bank of India, there was a recovery in the market but the closing took place with a red mark. During today's trading session, the Sensex fell by 214.85 points and the index managed to close at the level of 54,892.49. The Nifty 50 index recorded a decline of 75 points and the index closed below 16,400.