The hike in repo and reverse repo rates by the RBI today lead to steep fall in the market with BSE Sensex losing 463 points closing at 18534. The National stock exchange benchmark index Nifty also saw a significant downslide with a loss of 136 points to close at 5565. All sectoral indices were in the red. The broader indices too were down, the BSE Midcap and Smallcap indices were down by near two per cent. While the Midcap index closed at 6897 with a loss of 130 points, the Smallcap index closed at 8435, down by 179 Points.