Indian equity indices reversed the day’s gains and closed in the red for the third straight day on Thursday, dragged by ITC, SBI and L&T and following rampant profit booking.

Dear Trader… The 30-share BSE benchmark Sensex declined 129 points or 0.21% to settle at 61,432. The broader NSE Nifty dropped 52 points or 0.28% to end at 18,175. From the Sensex pack, ITC and SBI were the top laggards, falling nearly 2%. Titan, Power Grid, L&T, Tata Motors, HUL,