{
  "id": 12585650,
  "title": "Nifty slips 179 points mid-session as RBI's hawkish shift keeps markets under pressure",
  "url": "https://urgent.news/2026/10/07/nifty-slips-179-points-mid-session-as-rbis-hawkish-shift-keeps",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T08:33:40.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nifty-slips-179-points-mid-session-as-rbis-hawkish-shift-keeps-markets-under-pressure/article71554843.ece"
  },
  "original_language": "en",
  "account": "Mid-session on Wednesday, the Nifty slipped 179 points as the Reserve Bank of India's Monetary Policy Committee unanimously raised the repo rate by 25 basis points, signaling a shift from a neutral to calibrated tightening stance. The BSE Sensex fell 422.97 points and the Nifty 50 dropped 178.90 points. The RBI also increased its FY2027 inflation forecast to 5.2% and GDP growth estimate to 7.1% from previous projections of 5.0% and 6.7% respectively. Despite sectoral gains from banking stocks, market breadth trended negative with more stocks falling than advancing.",
  "summary": "SBI Securities placed Nifty support at 22,530–22,550 and resistance at 22,840–22,860, with an extension toward 23,010 possible on a decisive breakout above 22,860",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}