Major losses wept off, Sensex down 76 points at closing

The benchmark Sensex, after dipping to 18,182.83 points initially, bounces back to close at 18,526.32, still a loss of 76.30 points.

A fag-end buying wiped off major losses on Thursday as the benchmark Sensex, after dipping to 18,182.83 points initially, bounced back to close at 18,526.32, still a loss of 76.30 points.

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The wide-based National Stock Exchange index Nifty fell by 41.70 points to 5,519.35, after dipping to 5,394.35 during the day.

A steep rise in banking index by 178.53 points at 10,406.24 mainly pulled out the market but only to reduce losses.

Selling pressure was confined to segments such as realty, capital goods, metal, PSU, power, oil and gas and information technology and tech.