Final Trade: Sensex Gains 89 Pts, Nifty Holds 17,350 As RBI Hikes Repo Rate By 50 Bps

It was a wild ride for the markets on Friday as a hawkish monetary policy by the Reserve Bank of India (RBI) led to a tug of war between bulls and bears. S&P BSE Sensex index ended at 58,388, up 89 points, while the NSE Nifty50 index closed 16 points higher at 17,397 levels.