Sensex Opens Lower at 40,562, Nifty Slides Below 12,000 Points3Photo© thequint.com

Sensex Opens Lower at 40,562, Nifty Slides Below 12,000 Points

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Amid volatile trading, Sensex on Tuesday dipped 127 points to close at 40,675.45 while Nifty failed to hold the 12,000-mark and settled at 11,994.20, down 0.45%. Major stocks that led the decline today are banking, metal, auto, and pharma.

The top gainer was Bajaj Auto, raising its share price by 3.30% followed by TCS, Kotak Bank and Infosys. Yes Bank, on the other hand, registered a dip of over 7%. Other losers were Tata Steel, Vedanta Limited, and Mahindra & Mahindra.

Speaking on the current stock market outlook, Prakash Pandey, MD & CEO at Plutus Advisors, told Zee Business, "The 50-stock index Nifty is clearly lacking momentum at the highest levels. It's expected to remain in 11,860 to 12,150 range throughout the week. Some correction from current levels is expected and I would advise share market investors to adopt buy on dips strategy throughout the week."