Mumbai, Oct. 1 -- Indian stock markets opened on a cautious note on Wednesday as investors awaited the policy announcement by Reserve Bank of India (RBI) Governor Sanjay Malhotra.

The Nifty 50 index opened at 24,620.55, gaining 9.45 points or 0.04 per cent, while the BSE Sensex opened at 80,173.24, recording a marginal decline of 94.38 points or 0.12 per cent.

Market experts said investors were largely in a wait-and-watch mode ahead of the outcome of the RBI's Monetary Policy Committee (MPC) meeting. In recent sessions, volatility has remained high, with indices swinging between gains and losses amid tariff-related pressures.

Vikram Kasat, Head of Advisory at PL Capital, noted, "Indian equity markets remained largely range-bound yester...