The NSE Nifty was no better, which broke below the 7,800-mark as IT, metal, FMCG and automakers led the fall. Weighed down by fresh selling, the BSE Sensex remained in a range-bound before ending the day lower by 145.25 points, or 0.56 percent, at 25,590.65.

The gauge had gained 216.68 points in yesterday's trade on hopes that Parliament will manage to pass the crucial bankruptcy Bill.

The NSE Nifty after slipping below the 7,800-level closed at 7,786.10, down 48.35 points, or 0.62 percent. Investors avoided building their bets in a holiday-shortened week as markets will remain closed on Friday on account of Christmas and an approaching monthly derivative
expiry next Thursday (December 31).

"Indices started the day with a cautious note and lost its shine due to selling pressure and weak global cues. Continued selling by foreign portfolio investors and fall in crude oil prices has dampened sentiment," said Gaurav Jain, Director, Hem Securities.

Of the 30-share Sensex pack, 20 lost and 10 gained. Stocks of IT exporters took a big blow after the US Congress imposed a special outsourcing fee of up to USD 4,500 on H-1B and L-1 visas to fund a 9/11 healthcare Act and biometric tracking system.

Infosys, TCS and Wipro all fell by up to 1.67 per cent, dragging down the BSE IT index by 1.15 per cent. ITC Ltd, M&M, Adani Ports, Lupin, SBI, Hero MotoCorp and L&T suffered losses too.

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