By KUNA,
New Delhi : Indias Bombay Stock Exchange (BSE) benchmark Sensex Wednesday lost 375 points to plunge below the 14,000 level following the countrys apex banks decision to hike its key interest rates. The 30-share BSE index, continuing its declining trend, dipped further by 375.04 points to register 13,731.54, news agency Press Trust of India reported from Indias financial capital Mumbai. Indias National Stock Exchange index’s Nifty also plunged by 97.90 points to touch 4,093.20, the news agency said.
The country’s apex bank — Reserve Bank of India — yesterday increased its key interest rates — Repo rates and Cash Reserve Ratio — by 0.50 per cent each. The stocks, which resulted in the decline of the Sensex today were mostly from banking and auto sectors.