The 30-share Sensex ended down 6 points at 28,879.
The 50-share NSE Nifty index recaptured the crucial 8,700-mark.
The Street is expecting the central bank to maintain status quo.
Market breadth in BSE ended positive with 2,005 advances.
Maruti was the top loser in the Sensex pack, shedding around 4 per cent, followed by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC and Reliance Industries. NSE Nifty declined 224.50 points to 14,324.90.
The 30-share Sensex ended down 30 points at 28,1623.
Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank. On the other hand, Bharti Airtel, IndusInd Bank, Axis Bank, Bajaj Finserv and L&T were among the gainers.
The Reserve Bank of India cut interest rates last week.
The 30-share Sensex ended 271 points higher to end at 28,930.
The BSE index closed down 0.18% at 28,659, its lowest since February 11.
Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank. NSE Nifty slipped 38.95 points to 14,834.85.
ONGC was the top loser in the Sensex pack, declining around 5 per cent, followed by NTPC, Sun Pharma, SBI, IndusInd Bank, Bajaj Auto, PowerGrid and RIL. NSE Nifty slumped 189.15 points to 14,721.30.
L&T was the top loser in the Sensex pack, shedding 1.56 per cent, followed by ICIC Bank, SBI, Kotak Bank, HDFC Bank, NTPC, Axis Bank and Bajaj Finserv. NSE Nifty slipped 19.05 points to 14,910.45.
A summary of Sunday's action at the US Open.
The 30-share Sensex ended higher by 128 points at 28,355.
Markets cheer European bank stimulus. Sensex gains 273 points.
The 30-share Sensex ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
The 30-share Sensex lost 79 points to close at 27,347 and the 50-share Nifty shed 22 points to close at 8,278.
Images from Day 1 of the 2023 Australian Open at Melbourne Park on Monday.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses