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Sensex, Nifty Subdued Ahead Of RBI Rate Decision

Indian shares opened modestly lower on Wednesday, with weak global cues and caution ahead of the RBI policy meeting due later today weighing on markets.

The benchmark BSE Sensex was down 60 points or 0.17 percent at 32,745 in early trade, while the broader Nifty index was down 32 points or 0.31 percent at 10,086.

Reliance Communications fell 1.3 percent as Fitch dropped the company from its analytical coverage, citing commercial reasons.

Dish TV India tumbled 2 percent after unveiling its Q2 results.

Lanco Infra was little changed on a Mint report that it seeks to sell four renewable energy assets.

Aurobindo Pharma slid half a percent after it received FDA approval for Ranolazine extended release Oral tablets.

Bharat Financial shed 0.8 percent despite the RBI allowing foreign investors to buy further shares in the company.

Shilpa Medicare slumped 3.7 percent after receiving 10 observations from the U.S. health regulator for its Telangana plant.

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