News > Sensex plummets below 55k on weak global cues
Sensex plummets below 55k on weak global cues
![](https://gumlet.assettype.com/freepressjournal/import/2014/10/Sensex-Red-down.jpg?rect=0%2C0%2C3900%2C2048&w=1200&auto=format%2Ccompress&ogImage=true)
The Free Press Journal | 06/05/2022 04:44 PM | Click to read full article
The stock market indices plunged on May 6, the last day of trading this week over interest rate hikes post-RBI's unexpected repo rate hike. Metal and realty indices fell 3 percent each and the IT index was down 2 percent. The power index rose 0.5 percent. BSE midcap and smallcap indices fell 2 percent each.
At close, the Sensex was down 866.65 points or 1.56 percent at 54,835.58.