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The Intraday Stock market is struggling under pressure ahead of RBI monetary policy review. The Sensex fell 140.16 points to 28046.90 and the Nifty declined 36.55 points to 8506.50. About 1260 shares have advanced, 998 shares declined, and 113 shares are unchanged on the BSE. Hero Motocorp, Tata Steel, Hindalco, Bharti Airtel and Vedanta are top gainers in the Sensex.

Among the losers are ONGC, Tata Motors, Wipro, Infosys and Sun Pharma. Gold dropped for a third session in four, closing in on a 5-5.5-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year. Hero Motocorp surged 3.24 percent post Q1 earnings. It's a strong operational performance by Hero.
The Indian rupee is down slightly against the U.S. dollar, ahead of the Reserve Bank of India's monetary policy review. The rupee opened at 64.09 a dollar, down from Monday's close of 64.04 and is currently up marginally at 64.01. The Indian stock market is weak this morning, with investors treading cautiously ahead of the central bank's monetary policy review.