The losers on Sensex and Nifty were Reliance Industries and Maruti was down 1%.HeroMotocorp was down 1%.    

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

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

BSE Sensex is currently trading at 58,509.41 higher 210.61 points, while CNX Nifty is trading at 17,441.35, down 59.35 points.

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

The losers on Sensex and Nifty were Reliance Industries and Maruti was down 1%.HeroMotocorp was down 1%.