Indian Equities End Lower as RBI Rate Hike Hits Sentiment; Kotak Bank and Bharti Airtel Defy the Sell-Off
Indian equities closed lower on Wednesday after the Reserve Bank of India raised the repo rate by 25 basis points to 5.5% and shifted its policy stance to calibrated tightening. The move pressured rate-sensitive and broad market sentiment, even as Kotak Mahindra Bank and Bharti Airtel emerged as notable gainers while Titan Company, Adani Enterprises and Hindalco led the declines.
