The Benchmark domestic equity indices, Sensex and Nifty, were trading over 0.4 per cent down in forenoon trade today, tracking weakness in global markets amid rising trade tension. Meanwhile, the Reserve Bank of India cut its policy repo rate by 25 basis points to six per cent in the first meeting of the financial year and changed the monetary policy stance from neutral to accommodative- signalling further reductions in the repo rate. The 30-share BSE Sensex slipped 317 points to 73,91,0, and the NSE Nifty50 dropped 107 points to 22,428 when reports last came in.