Sensex, Nifty close in the red.

Byline: S. Kamal Hayder Kazmi

Sensex and Nifty closed in the red on Wednesday. The brief rally on PSU banks and IT gains withered as both indices came under pressure. Broader indices also traded in red.

Benchmark indices closed in the red after paring early gains and slipping back from a brief rally into the green in the post noon session on banking and IT stocks. The markets traded largely sideways in green in the forenoon session. Banking and auto sectors were the top drags on the markets towards the end of trade. Selling pressure kept indices muted on the last day of trading in...