In tumultuous trade on Monday, Indian equities indices extended their losses for the second day in a row. Investors have become wary ahead of central bank interest rate announcements. 

The Reserve Bank of India's (RBI) monetary policy committee opened its three-day meeting amid anticipation of another raise in benchmark interest rates to keep inflation below the central bank's upper tolerance limit. 

With this impact, the 30-share BSE Sensex sank 94 points, or 0.17 percent, to 55,675, while the broader NSE Nifty fell 15 points, or 0.09 percent, to 16,570.  Nine of the NSE's 15 sector gauges ended the day in the red. The Nifty Consumer Durables and Nifty sub-indices both underperformed the platform, sliding 0.58 percent and 0.28 percent, respectively.

The top Nifty loser was Shree Cement, which fell 3.14 percent to 19,990.45. The laggards included BPCL, Asian Paints, UltraTech Cement, and Hero MotoCorp. 

Asian Paints, UltraTech Cement, Bajaj Finserv, Nestle India, L&T, Hindustan Unilever, Axis Bank, Sun Pharma, Dr Reddy's Laboratories, Wipro, Bharti Airtel, and Reliance Industries were among the worst performers on the 30-share BSE index. On the other hand, Tata Steel, IndusInd Bank, M&M, ITC, Kotak Mahindra Bank, Infosys, ICICI Bank, NTPC, and Maruti Suzuki, all finished in the green.

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