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Sensex, Nifty end lower ahead of RBI rate decision

Sensex ended 184.08 points or 0.46 percent lower at 40,083.54 while the Nifty was down 66.90 points or 0.55 percent at 12,021.65.

Sensex, Nifty end lower ahead of RBI rate decision

New Delhi: Retreating from Monday`s life-time closing highs, markets ended on a negative zone on Tuesday under heavy selling pressure in Auto and IT counters.

Sensex ended 184.08 points or 0.46 percent lower at 40,083.54 while the Nifty was down 66.90 points or 0.55 percent at 12,021.65.

Top losers in the Sensex pack were Hero MotoCorp, HCL Tech, TCS, Asian Paints, IndusInd Bank and Infosys, shedding up to 3.08 percent. On the other hand, Yes Bank, NTPC and Axis Bank emerged as major gainers, rising up to 2.71 percent.

Meanwhile, foreign institutional investors bought equity worth Rs 3,068.88 crore on Monday, while domestic institutional investors sold shares to the tune of Rs 462.69 crore, provisional data available with stock exchanges showed.

Investors are also awaiting Reserve Bank of India's second Bi-monthly Monetary Policy policy decision, scheduled for Thursday. The RBI had cut the short-term lending rate (repo rate) by 25 basis points each in its last two policy reviews.

Yesterday the 30-share index zoomed over 553.42 points or 1.39 percent to hit its lifetime closing peak of 40,267.62. Similarly, the broader NSE Nifty closed above 12,000 mark for the first time. The index spurted over 165.75 points or 1.39 percent to 12,088.55.

Led by the sharp rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies surged Rs 1,76,402.37 crore to Rs 1,56,14,416.92 crore, making the investors richer by Rs 1.76 lakh crore.