March 5 (Reuters) - Australian shares are set to track Wall Street lower on Tuesday, while most large sectors are expected to see some profit-taking after a series of strong gains.
The lead-up to the Reserve Bank of Australia's policy meeting later in the day is also expected to lend an air of caution, although most participants expect the bank to stand pat on its record-low rates. local share price index futures YAPcm1 fell 42 points to 6,171.0, a 46.4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.4 percent on Monday, its fourth straight session of gains.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was largely flat in early trade.