Sensex opens 100 pts down, Nifty holds 7700 ahead of RBI policy

New Delhi, April 5 (ANI): the market on Tuesday witnessed equity benchmarks losing half a percent in early trade on weak Asian cues and the RBI monetary policy ahead.

The Sensex dragged 127.66 points to 25271.99 and the Nifty declined 37.75 points to 7721.05.

Shares like ICICI Bank, Tata Motors, ONGC, Hindalco, Bank of Baroda, GAIL and Idea Cellular were among the early losers with a fall of 1-1.5 percent.

On the other hand, BPCL, Power Grid Corp, Dr Reddy’s Labs and HCL Tech were a few gainers.

The Indian rupee opened marginally lower at 66.25 a dollar compared to 66.20 a dollar in previous session.

According to the market experts, RBI is widely expected to cut rates by 0.25 percent in the monetary policy later today, adding communication from policy makers will be keenly watched by the market participants. (ANI)

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