Mumbai: The BSE benchmark Sensex failed to hold on to initial gains of 63 points today as the index closed in the negative zone with a fall of 150 points on profit-booking followed by funds selling in heavy-weight stocks.
The 30-share index, Sensex, which had gained over 392 points in the past two sessions, succumbed to profit-taking by retail investors and ended at 149.52 points, or 1.04 % at 14,253.38 points. It touched a high of 14,466.76 and a low of 14,230.47 points.
Similarly, the National Stock Exchange index, Nifty, lost 60.35 points, or 1.45 % at 4,104.20. Earlier, it had surged to hit an intra-day high of 4,175.45 points.
Market observers said apart from mid-way profit-selling by retail investors, off-loading of positions by speculators ahead of expiry of February in the futures and option (F&O) segment on Thursday, led to a fall in stock prices.