Taking Stock: Rake hike drags Nifty below 22,600; Sensex slips 429 pts

Indian benchmark indices ended lower in a volatile session, snapping their two-day winning streak after the RBI raised the repo rate by 25 bps to 5.50%, its first hike since February 2023, and shifted its stance to calibrated tightening.After a weak start, the Nifty broke below 22,600 intraday and…