Sensex erases gains, ends 10pts down - Financial Express

Agencies Posted: Tuesday, Nov 20, 2012 at 1650 hrs IST Mumbai: In volatile trade, the BSE benchmark Sensex today erased the initial 129-point gain to settle with a loss of around 10 points at 18,329.32 as gains in M&M and HDFC were outweighed by losses in Infosys, SBI and RIL. After a higher start at 18,422.69, the index rose to 18,467.91 -- a rise of 128.91 points over previous closing as overnight gains in US markets buoyed sentiments. However, the market slowly frittered away all the gains to finally close 9.68 points lower at 18,329.32. Brokers said the market wiped off all initial gains on fall in stocks of Infosys (1.46 pc), SBI (1.39 pc) and RIL (1.27 pc) on profit-selling. Hindalco, Bajaj Auto and Sterlite Industries were also among the 17 losers in 30- share Sensex. Among the 13 winners today in Sensex, M&M rose by 3.25 per cent, HDFC (2.02 pc) and Tata Power (1.81 pc) on heavy buying. Broadly ... contd. via Business - Google News

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