Investors lose ₹6.27 lakh crore as Sensex crashes 1,300 points after repo rate hike

Investors lost ₹6.27 lakh crore on Wednesday after the Sensex ended 1,306 points lower, at 55,669, after the RBI announced a 40 bps hike in repo rate to 4.40%. The broader NSE Nifty tanked 392 points to finish at 16,678. Bajaj Finance was the biggest loser in the Sensex pack, followed by Bajaj Finserv, Titan, IndusInd Bank and HDFC Bank.