Sensex, Nifty Open Lower Ahead of RBI Policy Decision
What Happened
Indian benchmark indices opened in the red on Wednesday as investors turned cautious ahead of the Reserve Bank of India's monetary policy announcement. The BSE Sensex opened at 72,965.38, down 102 points, while the Nifty 50 started at 22,690.45, down 86 points. Concerns over inflation, rising crude oil prices, and uncertainty around the RBI's interest-rate stance kept sentiment subdued. Current Status (around 9:55-10:00 AM IST) Selling pressure intensified during early trade, with the Sensex down about 450 points near 72,600-72,650, while the Nifty slipped close to 22,600. Most sectoral indices were trading lower, reflecting broad market weakness as traders awaited guidance from the RBI on rates, inflation, and liquidity.
Key Takeaways
The market is trading cautiously ahead of the RBI policy decision. The central bank's commentary on inflation, interest rates, and growth outlook is likely to determine the market's direction for the rest of the session.