Mumbai: Benchmark indices Sensex and Nifty Tuesday retreated from their record highs and closed lower as investors booked profit in recent outperformers like auto and IT stocks ahead of the RBI monetary policy outcome.
In spite of selling pressure across the board due to higher valuation of stocks, both Sensex and Nifty managed to close above the crucial 40,000 and 12,000 levels, respectively.
The Sensex closed 184.08 points, or 0.46 per cent, lower at 40,083.54; while the NSE Nifty edged 66.90 points, or 0.55 per cent, down 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 per cent.On the other hand, Yes Bank, NTPC and Axis Bank emerged as major gainers, rising up to 2.71 per cent.
Of the 30 Sensex constituents, 17 stocks ended with losses and 13 with gains.