News > Sensex plummets below 55k on weak global cues

Sensex plummets below 55k on weak global cues

The Free Press Journal | 06/05/2022 04:44 PM | Click to read full article

The stock market indices plunged on May 6, the last day of trading this week over interest rate hikes post-RBI's unexpected repo rate hike. Metal and realty indices fell 3 percent each and the IT index was down 2 percent. The power index rose 0.5 percent. BSE midcap and smallcap indices fell 2 percent each.

At close, the Sensex was down 866.65 points or 1.56 percent at 54,835.58.