Sensex gives up early gains on profit-booking, ends 83 pts higher
After surging over 640 points in early trade, the 30-share BSE index settled 83.34 points, or 0.24 per cent, higher at 34,370.58.
Similarly, the NSE Nifty closed 25.30 points, or 0.25 per cent, up at 10,167.45.IndusInd Bank was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Axis Bank, Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.
Shares, however, closed 0.51 per cent lower as investors cashed in on recent gains. M&M, UltraTech Cement, HDFC Bank and Nestle India were also among the laggards.Market opened on a positive note following positive cues from Asian peers as OPEC+ output cut extension for additional month, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
However, during the afternoon session, benchmarks gave up most gains on profit-booking by traders after an almost 1,200 point rally in Nifty since last week, he added.On the global front, bourses in Shanghai, Hong Kong, Seoul and Tokyo settled with gains, while those in Europe were trading on a weak note. International oil benchmark Brent crude futures rose 0.95 per cent to USD 42.70 per barrel.
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