The Indian benchmark indices, Sensex and Nifty erased day's gains to end lower Thursday afternoon dragged by selling in FMCG, IT and pharma stocks. The Sensex ended 80.74 points or 0.17 percent lower at 48,093.32 while the Nifty eased 8.90 points or 0.06 percent to close at 14,137.35. Broader indices, Nifty Smallcap100 and Nifty Midap100 outperformed the benchmarks, ending over 1 percent higher each. Buying was seen in metals, realty, PSU Banks and financial stocks.

The Indian benchmark indices, Sensex and Nifty erased day's gains to end lower Thursday afternoon dragged by selling in FMCG, IT and pharma stocks. The Sensex ended 80.74 points or 0.17 percent lower at 48,093.32 while the Nifty eased 8.90 points or 0.06 percent to close at 14,137.35. Broader indices, Nifty Smallcap100 and Nifty Midap100 outperformed the benchmarks, ending over 1 percent higher each. Buying was seen in metals, realty, PSU Banks and financial stocks.