Sensex erases gains at close
After surging nearly 175 points, the Sensex erased gains and closed 51 points lower, breaking a five-day upsurge, after S&P's warning that India may lose its investment-grade rating spooked investors.
Mumbai, May 18 Erasing early losses, the Bombay Stock Exchange benchmark Sensex today closed 40 points up as funds returned to buying mode encouraged by robust Q4 numbers by corporate Larsen & Toubro.