Sensex, Nifty Open Lower, Snap Two-Session Winning Run Ahead Of RBI Policy Decision

Equity benchmark indices opened lower on October 7, snapping a two-session winning run, as investors turned cautious ahead of the Reserve Bank of India’s (RBI) monetary policy decision.

At 9:34 AM, the Sensex was down 429.97 points, or 0.59 per cent, at 72,637.84, while the Nifty50 fell 157.05 points, or 0.69 per cent, to 22,619.05.

Selling was broad-based, with 1,689 stocks declining against 1,240 advancing, while 103 remained unchanged, at the time of writing.

Bajaj Finance, Bharti Airtel, Dr Reddy's Laboratories, Coal India, and Cipla were among the top Nifty gainers. Titan Company, Asian Paints, Hindalco, SBI Life Insurance, Bharat Electronics and JSW Steel were among the biggest laggards.

The Nifty Consumer Durables, Nifty Metal and Nifty Auto indices were among the top sectoral laggards, each falling more than 1 per cent. Rate-sensitive sectors, including banks, non-banking finance companies (NBFCs) and real estate, also traded significantly lower.

This is a developing story...