Sensex falls over 200 pts, Nifty below 25,600 ahead of RBI MPC decision; mid, smallcaps slip

Indian stock markets, Nifty and Sensex, began Friday trading with slight declines. This marks a second consecutive session of losses for the benchmark indices. Investors are adopting a cautious stance. This is due to the upcoming Reserve Bank of India's Monetary Policy Committee policy announcement later today. Global market sentiment also appears subdued.