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Markets slip ahead of RBI policy decision amid global cues

Benchmark equity indices Sensex and Nifty declined in early trade on Friday as investors turned cautious ahead of the RBI`s monetary policy announcement. The market sentiment was further dampened by a weak trend in global equity markets and renewed foreign fund outflows, prompting many to stay on the sidelines

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File Photo.

File Photo.

Benchmark equity indices Sensex and Nifty declined in early trade on Friday ahead of the RBI monetary policy outcome.

Moreover, a sluggish trend in global equity markets and fresh foreign fund outflow also drove investors to stay on the sidelines.

The 30-share BSE Sensex declined 159.93 points to 81,282.11 in early trade. The 50-share NSE Nifty dropped 27.65 points to 24,723.25.

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