India, Oct. 8 -- Indian markets witnessed opening of the equity indices on a negative note on Thursday, October 8, due to the RBI's sudden move towards tightening of monetary policy amid higher crude prices and outflow of foreign institutional investors.

The BSE Sensex index saw a fall in opening by 0.24% to 72,455.17 levels while Nifty 50 was trading lower by 0.23% at 22,545.85 levels. This came after a steep fall in the previous session wherein the BSE Sensex index had fallen by 429.11 points and Nifty 50 by 173.05 points.

Why Is Indian Stock Market Down Today?

RBI Rate Hike Raises Pressure on Equities

The primary reason in the Indian domestic front is the latest monetary policy move made by the RBI. In its monetary policy move made...