On Tuesday, the markets opened in red, regarding RBI rate policy meeting outcome.

30-share BSE Sensex opened 40 points in the green in the pre-market session, but could not hold on to the gains and slipped more than 100 points in early trade. At 9.29 am, the index was down 71.79 points at 37,422.61.

The broader 50-share NSE Nifty too was dragging, the index being down 0.25 % and testing the 11,300-levels.

On Tuesday, Asian weekend markets, taking a clue from the rout in global technologies share whereas the yen edged higher ahead of the Bank of Japan’s rate review.

On Tuesday, metal, FMCG(Fast moving consumer goods) and financial services sub-indices were under pressure, losing to the tune of 0.50% each.

While closing homes on Wednesday, the MPC(Monetary Policy Committee) will declare its decision on key policy rates. The Street experts are categorized on the forecast of the decision, making the investors alert.

Axis Bank, ONGC and NTPC stocks were gaining the most in morning trade.

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