Sensex, Nifty down ahead of RBI policy outcome

Tata Motors, IndusInd Bank, Tata Steel, Mahindra and Mahindra and Vedanta were among the major losers on the BSE index, sliding as much as 2.11 per cent. On NSE, all the sub-indices were trading in red with Nifty Metal and Auto losing the most, down as much as 1.38 per cent.