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Business & Stocks Livemint Markets & Economy • Oct 07, 2026

RBI Rate Hike of 25 Basis Points to 5.5% Pulls Down Nifty 50 by 0.76% and Sensex by 0.59%: Top Short-Term Stock Picks Revealed

💡 Key Takeaways

•RBI hiked the repo rate by 25 basis points to 5.5%, tightening monetary policy.
•Nifty 50 fell 0.76% and BSE Sensex dropped 0.59% while the rupee hit a 5-month low.
•Bank of Maharashtra and Usha Martin have been recommended as top short-term stock picks.

NEW DELHI [NCRBuzz Wire] — **Indian equity markets snapped a two-session winning streak on Wednesday following a monetary policy tightening by the central bank.** The RBI announced a 25 basis point hike in the benchmark repo rate, pushing it to 5.5%. Concurrently, the rupee touched a five-month low against the US dollar, while domestic bond yields escalated sharply across maturities in response to the hawkish shift.

**The Nifty 50 index declined 0.76% to close in the red, while the 30-share BSE Sensex dropped 0.59% amid widespread institutional sell-offs.** Broader market indices mirrored the bearish sentiment as tighter liquidity conditions weighed heavily on rate-sensitive sectors, banking equities, and capital goods producers.

**Market experts have identified Bank of Maharashtra and Usha Martin as high-conviction technical picks for short-term traders navigating current macroeconomic volatility.** Technical analysts emphasize strict risk management protocols, recommending defined stop-loss levels to safeguard capital against potential intraday swings.

### Market Impact & Technical Stock Metrics

| Metric / Aspect | Details |

|---|---|

| RBI Repo Rate | 5.5% (+25 bps hike) |

| Nifty 50 Performance | -0.76% Decline |

| BSE Sensex Performance | -0.59% Decline |

| Foreign Exchange | Rupee hits 5-month low |

| Top Short-Term Pick 1 | Bank of Maharashtra |

| Top Short-Term Pick 2 | Usha Martin |

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🏛️ Background Context

The central bank's rate action reflects ongoing efforts to rein in inflationary pressures while navigating global currency depreciation and shifting foreign institutional investor flows in emerging markets.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was the quantum of the RBI repo rate hike and its new level?

The RBI increased the repo rate by 25 basis points, bringing the new benchmark rate to 5.5%.

Q2: How did major Indian equity indices perform following the announcement?

The Nifty 50 index declined by 0.76% and the BSE Sensex fell by 0.59% amid broad-based selling.

Q3: Which specific equities have been highlighted for short-term trading?

Bank of Maharashtra and Usha Martin have been recommended as top short-term stock picks by analysts.

Verified Wires: Livemint Markets & Economy Original Wire Dispatch ↗

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