Indian equity benchmarks ticked lower on Monday as a slump in cement makers offset gains in metal stocks at the start of a week where the central bank is expected to deliver another interest rate hike.

Dear Trader… Indian equity benchmarks finished a volatile session with minor cuts on Monday as investors remained cautious ahead of the RBI’s policy decision later this week. Indian markets made a gap down opening, as traders were concerned as continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate