India, Oct. 8 -- Stocks of Indian benchmark indices are trading lower on Thursday, October 8, as market participants continue to be nervous following the sudden move of the Reserve Bank of India towards hawkish monetary policy and rising crude oil prices.

BSE Sensex started at 72,462.16, down 176.54 points or 0.24%, whereas Nifty 50 began the day at 22,542.00, lower by 61.05 points or 0.27%. As of 9:57 am, Sensex was 0.48% lower at 72,290.77, whereas Nifty was 0.54% lower at 22,482.10. This decline comes after sharp declines in the previous session. On October 7, Sensex closed 429.11 points or 0.59% lower at 72,638.70, whereas Nifty 50 closed 173.05 points or 0.76% lower at 22,603.05.

Why Is Sensex Down Today?

Pressure on the markets e...