Erasing early gains, the BSE benchmark Sensex today lost 59 points in the late morning trade due to sustained selling pressure mainly in auto, realty, consumer durables and oil and gas counters, amid mixed Asian cues.
The 30-share barometer resumed higher at 18,926.21 and firmed up further to 18,987.48 but declined afterwards to 18,798.98 before quoting at 18,824.64 at 1030 hrs, a net loss of 59.55 points, or 0.32 per cent, from yesterday's close.
The NSE 50-share Nifty also moved down by 18.45 points, or 0.32 per cent, to 5,675.95 at 1030 hrs.