Sensex Ends Flat While Nifty Falls As Investors Book Profits

The benchmark Sensex closed nearly flat in a range-bound trade on Monday as investors booked profits in index heavyweights amid high valuation concerns.

The 30-share BSE Sensex moved 17.39 points or 0.02 percent to 73,895.54. The barometer registered a high of 74,359.69 and a low of 73,786.29.

The broader NSE Nifty sank 33.15 points or 0.15 percent to 22,442.70.

Power Finance Corp, RECL, Titan, PNB, Canara Bank, LIC, Adani Enterprises, Bank Of Baroda, BPCL, Coal India, GAIL (India), IRCTC, SBI, and HAL were the top laggards.

Among the gainers were Britannia Industries, Kotak Mahindra Bank, ABB India, Siemens, Marico, Zydus, Colgate-Palmolive, TCS, United Spirits, and Hindustan Unilever.

In Asian markets, Shanghai, Malaysia, Hong Kong, and Taiwan concluded in the green, while Tokyo, Gift Nifty, and South Korea ended in the red.

European stocks were trading in the green.

US markets concluded with significant gains on Friday.

Brent crude gained 0.80 percent to USD 83.15 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 2,391.98 crore on Friday.

On Friday, the Sensex dipped 732.96 points or 0.98 percent to 73,878.15, while the Nifty dropped 172.35 points or 0.76 percent to 22,475.85.

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