Nifty hovers around 7950 ahead of RBI policy; SBI falls

The Sensex is down 6.91 points at 26590.20 and the Nifty down 10.10 points at 7948.80.

Dr Reddy's Labs, Tata Power, M&M, Tata Motors and Wipro are top gainers in the Sensex. Among the losers are Hindalco, Hero MotoCorp, BHEL, Reliance and SBI.

The Indian rupee opened marginally lower at 61.60 per dollar as against previous day's closing of 61.53 a dollar.

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