In afternoon trade, the key domestic indices in India showed minor declines as investors exercised caution amid rising tensions in West Asia and the impending decision from the Reserve Bank of India (RBI). The S&P BSE Sensex decreased by 105.84 points, settling at 74,001.01, while the Nifty 50 index fell by 21.95 points to 22,950.10. Notably, sectors such as IT, realty, and metals saw gains, while PSU banks, automotive, and consumer durables faced declines. In the broader market, the BSE 150 MidCap Index fell by 0.33%, while the BSE 250 SmallCap Index rose by 0.16%. The market breadth remained positive, with 2,546 shares advancing compared to 1,522 shares that declined. Major gainers included Wipro, HCL Technologies, and Hindalco, while Dr. Reddy's Laboratories and Adani Enterprises were among the significant losers. On the global front, most European and Asian markets advanced, despite U.S. President Donald Trump's ultimatum to Iran regarding the Strait of Hormuz, which is crucial for global energy supplies.