The gainers on Sensex and Nifty were Ultratech Cement surge 3%. ICICI Bank and Shree Cement, gained 2%.

The losers on Sensex and Nifty were Hindalco, which plunged 3%. M&M and Britannia was down 2%.

The Indian equity indices is currently trading higher after RBI hiked repo rate by 50 basis points to 5.4%

BSE Sensex is currently trading at 58,392.65 higher 93.85 points, while CNX Nifty is trading at 17,390.60, up 8.60 points.

The gainers on Sensex and Nifty were Ultratech Cement surge 3%. ICICI Bank and Shree Cement, gained 2%.

The losers on Sensex and Nifty were Hindalco, which plunged 3%. M&M and Britannia was down 2%.