Mumbai: Bombay Stock Exchange benchmark Sensex today lost over 117 points, reversing earlier gains following emergence of funds selling at the fag-end.
The 30-share index, Sensex, which commenced the day with a hefty gain of 194 points, tumbled and moved in negative zone by closing 117.34 points lower at 12,579.75. However, it touched the day’s high of 12,902.18 and a low of 12,390.48.
Similarly, the wide-based National Stock Exchange index, Nifty, after a better start at 3714.15 points, toppled down to close lower by 28.80 points at 3626.85.
The down-trend was led by shares of metal, Information technologies and banking sectors.Stock markets were on a downward spree for the last two weeks and the Sensex has recorded a fall of over 2,000 points from its peak of over 14,724 points on 9 February.
The markets across the board were closed for 45 minutes between 1145 and 1230 hours due to sun outage and the trading time was extended to 1615 hours from 1530 hours.