Sensex closes lower ahead of RBI policy decision

Shares closed lower on Tuesday as investors awaited the central bank's policy meeting decision later this week, weighed down by technology stocks.
The broader Nifty fell 0.55 per cent to 12,021.65, while the benchmark Sensex settled 0.46 per centlower at 40,083.54.

Tata Consultancy Services fell 2.6 per cent, dragging the Nifty IT index 1.6 per centlower.

Country's economy grew at its slowest pace in more than four years in the January-March period, raising prospects of a rate cut by the Reserve Bank of India on Thursday.

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OnMonday, shares rose about 1.5 per centto record close as weak economic growth data raised prospects of a rate cut by the central bank at its policy meeting scheduled later this week.

Both the broader NSE Nifty and the benchmark BSE Sensex gained 1.39 per centeach, settling above the 12,000 and 40,000 levels, respectively, for the first time ever.

Hero MotoCorp Ltd advanced about 6 per centand was the top gainer on both the indexes. The Nifty Auto index rose over 2 per cent.

Indian markets are closed on Wednesday for a holiday.