Sensex and Nifty snapped a three-day rally on Thursday. The Sensex fell 504 points to 83,314 while Nifty dropped by 133 points to 25,643. Heavy selling in metal, IT, and capital goods stocks, along with global market weakness and US-Iran tensions, dampened investor sentiment ahead of the RBI’s policy announcement

After Tuesday’s marginal rally, Indian equity markets opened flat on Wednesday, entering a consolidation phase. Nifty rose 0.24 per cent while Sensex gained 0.08 per cent amid positive FII inflows, stable rupee and supportive global cues