Sensex edges lower

Paring initial gains, the Bombay Stock Exchange (BSE) barometer Sensex today snapped its three-day winning streak and closed the day nearly 17 points lower, after investors became jittery amid a poor show by auto stocks led by Tata Motors and a negative opening in European markets.

The Sensex opened higher on firm Asian trends and remained in positive terrain touching a high of 17,432 but sudden selling in the last hour pulled the benchmark down and it finally settled at 17,301.91 points.