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The Indian stock market experienced a downturn today, with both the Nifty and Sensex indices opening lower after Tuesday's gains. This decline occurs ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting scheduled for Wednesday. The Nifty opened 0.56% lower at 22,409.95, while the Sensex began trading 0.47% down at 73,876.35. Specific companies like Larsen & Toubro (L&T) and State Bank of India (SBI) were identified as among the top losers in the market during the initial trading hours. The opening performance suggests a cautious sentiment among investors, possibly reflecting concerns about the outcome of the upcoming RBI MPC meeting and its potential impact on the overall economy and corporate earnings. This brief market snapshot provides a glimpse into the dynamic nature of the Indian stock market and its sensitivity to macroeconomic factors and policy announcements.
Source: Stock Market Today: Nifty Sensex Resume Declines After Tuesday's Rally; L&T, SBI Top Losers