It is a flat start for the Indian indices on May 6 with Nifty below 12,000 ahead of Monetary Policy Committee meeting.
The Sensex is down 50.85 points at 40032.69, while Nifty is down 22.70 points or 0.19% at 11999. About 423 shares have advanced, 401 shares declined, and 63 shares are unchanged.
IndusInd Bank, SBI, ICICI Bank, DHFL Gail, Indiabulls Housing, Yes Bank, Zee Ent, Tech Mahindra, Ultratech Cement, Grasim, Bharti Infratel are among major losers, while gainers are IOC, Tata Motors Bajaj Auto, Lupin and NTPC.
Among the sectors, PSU banks and IT space trading under pressure, while auto, FMCG and metal trading with marginal gain.
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