Mumbai, Dec. 24 -- Domesic equity benchmarks slipped into the red on Wednesday in a quiet, pre-Christmas session marked by light volumes and subdued risk-taking. Foreign investors turned net sellers, while the absence of fresh cues capped buying interest. Weakness in oil and gas and IT stocks weighed on sentiment. The Nifty gave up early gains after hitting an intraday high of 26,236.40 and ended the day below the 26,150 mark, as traders squared off positions ahead of the holiday break.

The S&P BSE Sensex declined 116.14 points or 0.14% to 85,408.70. The Nifty 50 index fell 35.05 points or 0.13% to 26,142.10.

Interglobe Aviation (down 1.55%), Adani Enterprises (down 1.37%) and Reliance Industries (down 0.64%) were major Nifty drags.

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