Sensex ends 80 pts lower; bank, IT stocks drag

The BSE benchmark Sensex on Thursday ended 80 points lower as losses in banking and IT counters negated the upswing in auto counters.

After rising over 174 points in early session, the 30-share index failed to sustain the momentum and gave up all gains to end 80.32 points, or 0.22 per cent, lower at 36,644.42. It hit an intra-day high of 36,898.99 and low of 36,541.88.

The broader Nifty, on the other hand, ended 3.25 points, or 0.03 per cent, higher at 10,847.90.

Top laggards in the Sensex pack included HDFC, ICICI Bank, TCS, HCL Tech, Kotak Bank, Asian Paints, TechM and HUL, dropping up to 2.67 per cent.

On the other hand, Tata Motors, ONGC, Yes Bank, NTPC, Maruti, M&M, Vedanta, Tata Steel and Bajaj Auto rallied up to 7.81 per cent.