Sensex, Nifty open in red following RBI repo rate hike
India, Oct. 8 -- Indian stock markets opened lower on Thursday, October 8, tracking the weakness seen in the previous session as investors remained cautious after the Reserve Bank of India raised its benchmark repo rate and shifted its policy stance towards calibrated tightening.
The NSE Nifty opened at 22,542.00, down 61.05 points, or 0.27 per cent, while the BSE Sensex opened at 72,462.16, lower by 176.54 points, or 0.24 per cent.
The subdued opening came a day after the benchmark indices snapped a two-session gaining streak. On Wednesday, the 30-share BSE Sensex fell 429.11 points, or 0.59 per cent, to close at 72,638.70, while the NSE Nifty declined 173.05 points, or 0.76 per cent, to settle at 22,603.05.
The decline on Wednesday f...
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