Sensex tanked over 1,200 points and was trading at 55,775.81.09, down by 2.11 per cent, after RBI Governor announced a 40 bps rate hike in the repo rate at 2 pm on May 4, 2022.
Nifty 50 also was down by 2.09 per cent and was trading at 16,712.80 levels.