June 4, 2019 / 5:14 AM / 4 months ago

Sensex closes lower ahead of RBI policy decision

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 20, 2016. REUTERS/Shailesh Andrade/File Photo

BENGALURU (Reuters) - Indian 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% to 12,021.65, while the benchmark Sensex settled 0.46% lower at 40,083.54.

Tata Consultancy Services fell 2.6%, dragging the Nifty IT index 1.6% lower.

India’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.

Indian markets are closed on Wednesday for a holiday.

Reporting by Derek Francis in Bengaluru; editing by Gopakumar Warrier

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