Sensex, Nifty settle lower after see-saw trade; banking, IT stocks drag

BSE Sensex slipped 243.62 points or 0.51% to close the session at 47,705.80; NSE Nifty tanked 63.05 points or 0.44% to 14,296.40

Domestic equity benchmarks Sensex and Nifty erased early gains to settle with losses for the second day on the trot on April 20, as surging COVID-19 cases and growing localised restrictions continued to dent investor sentiment. The BSE Sensex slipped 243.62 points or 0.51% to close the session at 47,705.80. Intra-day, the BSE gauge rose as much as 529 points to touch the day’s peak of 48,478.34. Likewise, the NSE Nifty climbed over 167 points to reclaim the key 14,500-level during the day, but surrendered all its gains to end at 14,296.40, showing a drop of 63.05 points or 0.44%.