The court after hearing arguments of the prosecution and the defence had reserved the verdict on the punishment for the convict for Tuesday.
The prosecution, while seeking death penalty for Ahmad, 24, told the court that the accused killed Sharma and injured head constables Balwant Singh and Rajbir Singh while they were performing their duty, so he be given death penalty.
It added that while awarding any punishment, the court should also take into account the pain of inspector Sharma's family.
The shootout between a Delhi Police Special Cell team and alleged IM operatives occurred Sep 19, 2008, days after serial blasts rocked the national capital September 13.
Ahmad was said to be present in house number L-8 in Jamia Nagar in south Delhi where the shootout took place.
The court July 25 held Ahmad guilty of assaulting police officials and obstructing them from doing their duty.
He was convicted of offences that included murder and attempt to murder which carry a death penalty as the maximum sentence.