Mumbai: The Sensex on Monday ended 18 points lower amid cautious trading over US 'fiscal cliff' talks in the last trading day of 2012, which saw the BSE benchmark rise by 26 percent -- the best annual gain since 2009.
After a better start, the 30-share index moved between 19,491.08 and 19,406.17, before ending with a moderate loss of 18.13 points at 19,426.71.
Brokers said Indian markets ended on a weak note as investors cut positions amid US lawmakers still trying to reach a pact to avoid the 'fiscal cliff' of over USD 600 billion in spending cuts and tax hikes set to start tomorrow.
In 30-share BSE index, 17 stocks gained, while 13 closed with losses led by ITC, L&T, HDFC, ICICI Bank and TCS. RIL, Bharti Airtel and Maruti Suzuki also closed lower.
The market, however, received some support from gainers, including Tata Motors, HUL, ONGC, M&M and GAIL.
There was limited participation on the last trading session of 2012 as most Foreign Institutional Investors (FIIs) were off the market, brokers added.
"On Monday, our markets remained almost unchanged on the back of outcome to come on Fiscal cliff from United States," said Shrikant Chouhan, Senior Vice President (Technical Research), Kotak Securities.
The 50-share National Stock Exchange index Nifty on Monday shed 3.25 points to end at 5,905.10.
On a calendar year basis, the Sensex clocked 25.69 percent gain, or 3,971.79 points, in 2012.
This gain, the best since 2009 when the index had gained a whopping 81.03 percent, came on the back of strong capital inflows and big-bang reforms by the government. The Nifty rose by 1,280.80 points or 27.70 percent in 2012.
Investors got richer by almost Rs 16.09 lakh crore in 2012, with their wealth soaring to Rs 69,21,815 crore from last year's wealth of Rs 53,12,875 crore.

FIIs bought shares worth a net Rs 833.40 crore last Friday as per provisional data from the stock exchanges. They have infused Rs 1,27,455.30 crore (USD 24.20 billion) in 2012 till December 27, as per Sebi data.
Globally, Asian markets on Monday ended mixed while European stocks were trading sideways on continued concern about the upcoming US fiscal cliff.
Key benchmark indices in Hong Kong and Singapore finished lower while the one from China closed up by 1.61 percent following reports of upbeat manufacturing data. Stock markets in Japan, South Korea and Taiwan were closed on Monday.
In Europe, the UK's FTSE was trading down by 0.46 percent while the France's CAC was up by 0.26 percent in afternoon deals. The German market was closed on Monday.
Back home, 13 out of 30 Sensex-based scrips settled lower while 16 settled higher. Infosys closed unchanged.
ITC declined by 0.88 percent, followed by L&T (0.76 pc), Maruti Suzuki (0.75 pc), Cipla (0.55 pc) and HDFC (0.53 pc).
Among gainers, Tata Power rose by 1.19 percent, followe by GAIL (0.98 pc), Hindalco (0.89 pc), Tata Motors (0.89 pc), HUL (0.83 pc) and Wipro (0.79 pc).
"Auto sector stocks like M&M and TataMotors were up on news of rate cuts from some of the banks which shall lead to cheaper loans and increased sales. PNB and ONGC were the other major gainers, while profit-booking in ITC, L&T and RIL among others kept the index under pressure," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio Ltd.
Among sectoral indices, the BSE-Capital Goods eased by 0.33 percent and BSE-FMCG by 0.27 percent while BSE-Realty firmed up by 1.00 percent, followed by BSE-CD (0.89 pc) and BSE-PSU (0.59 pc).
Reflecting rise in second-line stocks, the market breadth remained positive as 1,592 stocks ended with gains while 1,293 scrips finished with losses.
The total turnover dipped further to Rs 1,781.61 crore from Rs 2,203.79 crore last Friday.


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