Sensex consolidates, ends 28 points down

A benchmark index for Indian equities today closed flat as traders consolidated their portfolios after a two-day rally. Bombay Stock Exchange, which opened at 20,407.18 points, closed at 20,326.76 points, down 28.87 points or 0.14% from its previous close at 20,355.63 points.

A benchmark index for Indian equities on Tuesday closed flat as traders consolidated their portfolios after a two-day rally.

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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,407.18 points, closed at 20,326.76 points, down 28.87 points or 0.14% from its previous close at 20,355.63 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 6,112.75 points, almost unchanged from its previous close.

The central bank hiked both its short-term borrowing and lending rates by 25 basis points each in what could trigger higher interest rates on auto, housing and corporate loans.

The repurchase rate stands revised to 6.25% from 6%, while the reverse repurchase rate has been hiked to 5.25% from 5% in the sixth such interest rate tweak this year.

Broader markets closed mixed. The BSE midcap index ended 0.42% higher, while the BSE smallcap index moved up 0.09%.