Sensex, Nifty plunged over 2% after Reserve Bank of India’s MPC decided to hold an off-cycle meeting on May 2, 4 to access the macro economic situation. Investors lost over Rs 6 lakh crore in today’s trade as markets crashed. After keeping repo rate at the same level for 11 consecutive times, the RBI has finally opted for raising the policy interest rate. The MPC voted unanimously to increase policy repo rates by 40 bps with immediate effect. Stay with TOI for all live updates.