Mumbai, Oct. 7 -- The domestic equity markets opened under pressure on Wednesday as investors turned cautious ahead of the Reserve Bank of India's Monetary Policy Committee (MPC) decision and awaited the central bank's view on the emerging growth-inflation dynamics.

The Nifty 50 index opened at 22,690.45, down 85.65 points or 0.38 per cent, while the BSE Sensex opened at 72,965.38, lower by 102.43 points or 0.14 per cent. Soon after opening, both indices fell further.

Banking and market expert Ajay Bagga said the MPC meeting is taking place against the backdrop of a significant shift in macroeconomic conditions.

"The Monetary Policy Committee (MPC) meets today against the backdrop of a significant shift in macro tailwinds," Bagga told ...