Sensex reverses gains as investors book profit

Mumbai: Indian shares retreated from near two-year highs to end lower on Thursday as investors booked profit in pharmaceutical and realty stocks such as Sun Pharmaceutical Industries and DLF Ltd.

The Nifty closed down 0.51 per cent at 8,899.75 after rising as much as 0.52 per cent earlier in the session to 8,992.50, its highest since March 2015 and on the verge of surpassing a key psychological level of 9,000.

The benchmark Sensex ended 0.5 per cent lower at 28,839.79 after gaining as much as 0.56 per cent to its highest since March 2015.

Sun Pharma shares fell 2.66 per cent, while DLF declined 8.06 per cent.