Sensex down by 150 pts

Mumbai: Bombay Stock Exchange index Sensex fell by nearly 150 points in opening trade today on selling by funds ahead of the RBI monetary policy amid weak trend on Asian bourses.

The 30-share index of the BSE that gained 191.05 points in the previous session, fell by 149.64 points, or 0.81 per cent to 18,209.05, with banking, auto, realty and IT stocks leading the fall.

In a similar fashion, the broad-based National Stock Exchange index Nifty lost 57.25 points, or 1.03 per cent to 5,453.90 points in the first few minutes of the trade.

Brokers said besides a weakening trend on Asian bourses following overnight losses at the US market, off-loading of positions by speculators on fears that the RBI may announce a hike in key rates in its monetary policy review later today further dampened the sentiments.