India’s benchmark indices opened in the red with the Nifty 50 falling below 25,700 and the BSE Sensex down more than 200 points. Selling was heavy in private banks and IT stocks, while PSU banks saw modest strength. Analysts say the move reflects profit-booking after a recent rally and caution ahead of global monetary-policy developments. Investors await cues on foreign-flow reversal and corporate-earnings updates before broad participation returns.