Sensex washes out early gains, slides 54 pts in see-saw trade

The benchmark BSE Sensex failed to maintain the early momentum and gave up its early gains towards the fag-end to close 54 points down at 27,876.61, led by sell-off in Axis Bank, TCS, Sun Pharma, despite positive global cues.
The 30-share bundle started off positively at 27,966.18 and advanced to hit a high of 28,029.80. However, on selling in key bluechips at improved levels, it cracked below the 28,000-mark to a low of 27,845.63, before settling 53.60 points or 0.19 per cent lower at 27,876.61.
The gauge had lost 11.30 points on the first day of Samvat 2073 in special 'Muhurat' session on Sunday.

On the other hand, the 50-share NSE Nifty managed to close in the green with a modest rise of 0.55 point, or 0.01 per cent at 8,626.25. It shuttled between 8,669.60 and 8,614.50.
As many as 20 out of the 30-share Sensex pack retreated, while 10 ended higher.