Sensex drops by 208 points, metal and auto stocks drag

New Delhi, Jan 22 (ANI): Equity benchmark indices wiped out intial gains and closed in the red. BSE SandP sensex closed 208 points lower at 41,115 Nifty 50 was down by 62 points at 12, 108. Most sectoral indices at National Stock Exchange were in the red except nifty media, IT and FMCG.