Indian Benchmark Indices Open Flat And Turns Red Ahead Of RBI Monetary Policy

Global markets continue to close red in consecutive trading sessions, and the de-coupling of Indian markets is not sustaining as the Indian markets are also amid a sharp selling. The US market has seen a sharp fall to the new low in the most recent trading session Dow Jones fell 1.54%, and S&P 500 fell 2.11%, and as per the Asian market, NIKKEI is down 1.81%, SHANGHAI is down 0.21%, and ASX 200 is down 1.08%.

In today's trading session, the markets have opened flat and turned red, showing volatility on a decisive day. The Indian market today is expected to lead by the news as RBI will announce monetary policy and release the result of a three-day meet on the monetary policy today.

However, as per the analyst experts, many experts and analysts expect the news to be negative.
Nifty IT, Nifty Auto, Nifty Bank, and Nifty FMCG have driven the Indian markets to negativity today; however, Nifty Pharma, Nifty Media and Nifty INFRA seem to be the most positive.