Sensex, Nifty Surrender Early Gains

Mumbai: Benchmark indices Sensex and Nifty erased early gains to trade lower on Thursday as IT shares declined after TCS stated that headwinds continue for the sector amid a sluggish economic climate.

The 30-share Sensex opened higher and rose further by 104 points to hit a high of 66,577.60 as banking, auto and metal shares advanced in line with positive global markets.

However, the gains were offset by losses in IT shares, dragging to the 30-share index down by 84.16 points or 0.13 per cent to 66,388.89 at 9.50 AM.