India, Feb. 7 -- Sensex, Nifty 50 on RBI MPC announcement day: The stock market went into the red upon opening as trading began on Friday, February 7, the day the new Reserve Bank of India (RBI) governor Sanjay Malhotra is set to announce the interest rate decision of the Monetary Policy Committee (MPC).

At 9:20am, the benchmark BSE Sensex was down by 79.83 points or 0.10%, reaching 77,978.33. The broader NSE Nifty opened 19.50 points down or 0.08% in the red, reaching 23,583.85.

The MPC decision announcement is at 10am.

Among the 30 Sensex stocks, Power Grid Corporation of India Ltd fell the most by 2.76%, trading at Rs.273.50. This was followed by ITC Ltd, which fell 1.11%, trading at Rs.436.50, and SBI, which fell 1.00%, trading at ...