Sensex slips 42 pts after two-day rally; IT shares fall on profit-taking

Mumbai, Dec 23 (PTI) Benchmark stock index BSE Sensex slipped by 42 points in a volatile trade on Tuesday following profit-taking in IT and pharma shares and mixed global cues. Snapping the two-day gaining streak, the 30-share BSE Sensex dipped 42.64 points or 0.05 per cent to settle at 85,524.84. During the day, it hit a high of 85,704.93 and a low of 85,342.99. The 50-share NSE Nifty closed marginally up by 4.75 points or 0.02 per cent to 26,177.15. Among Sensex firms, Infosys, Bharti Airtel, Adani Ports, Sun Pharma, Tech Mahindra, Eternal, Axis Bank and Maruti were the major…