The BSE benchmark Sensex fell by over 35 points in opening trade today as foreign funds and retail investors offloaded positions ahead of tomorrow's RBI credit policy review amid high inflation.
The 30-share barometer, which gained 42.63 points in yesterday's volatile session, fell by 35.96 points to 18,272.70 in the first few minutes of trade today.
Stocks of banking, realty and IT companies were under pressure, dragging the Sensex down.
Similarly, the wide-based National Stock Exchange Nifty index slid by 12.10 points to 5,488.40.
Market experts said the trading sentiment turned somewhat bearish on fears that the Reserve Bank of India may announce a hike in interest rates to curb rising inflation, which climbed to 9.06 per cent in May from 8.66 per cent in April.
In the Asian region, Hong Kong's Hang Seng index was trading 0.12 per cent lower, but Japan's Nikkei moved up by 0.44 per cent this morning. In the US, the Dow Jones Industrial Average ended 1.03 per cent higher in yesterday's trade.
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