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Sensex declines 18 points

New Delhi, Dec 31: The BSE benchmark Sensex on Monday ended 18 points lower in the last trading session of 2012 as cautious investors reduced their positions amid a weakening global trend.After a better start,
PTI December 31, 2012 17:50 IST
PTI
New Delhi, Dec 31: The BSE benchmark Sensex on Monday ended 18 points lower in the last trading session of 2012 as cautious investors reduced their positions amid a weakening global trend.



After a better start, the Sensex moved between 19,491.08 and 19,406.17, before ending with a moderate loss of 18.13 points to 19,426.71.

The gauge recorded its biggest gain of 26 per cent after 2009 amid government economic reforms measures, including opening foreign direct investment in the retail sector.

The wide-based National Stock Exchange index Nifty shed 3.25 points to 5,905.10.

Brokers said the market remained jittery in the last trading session of the calendar year with most foreign institutional investors were off the market for a winter break.

They said the market remained under pressure on a weakening global trend as U.S. legislator still struggling to reach a deal on tax-hike threshold and spending cuts.

In 30-BSE index components, 17 stocks gained, while 13 closed with losses. The two heaviest with their nearly 18 per cent weightage — Reliance Industries and Infosys — ended with moderate losses.

The market received cushion as index-linked Wipro gained 0.79 per cent to Rs. 394.35 after it approved to separate the consumer care and lighting businesses to focus on information technology.

The capital goods sector index suffered the most by losing 0.33 per cent to 10,868.11 followed by FMCG index by 0.27 per cent to 5,916.22 as ITC Ltd lost 0.81 per cent to Rs. 286.80.