Sensex dips 165 pts on profit selling

The 30-share BSE barometer, which commenced the day higher by 188 points, pared the early gains to settle at 14,777.01 points, a loss of 165.27 points from last close.

The index touched a high of 15,130.09 and a low of 14,608.05, indicating volatility.

The wide-based National Stock Exchange index Nifty also fell by 43.25 points at 4,433.55. It recorded a loss of 153 points during the day as it rose to a high of 4539.45 and a low of 4385.85 points.

According to brokers, market players were also reducing their holdings ahead of the inflationary data to be announce after the trading-hours on Thursday.