Sensex, Nifty pare hefty gains on PROFIT-BOOKING, END MARGINALLY UP

Rupee appreciates up by 3 paise at 75.55 against the US dollar

MUMBAI: Benchmark gauges Sensex and Nifty on Monday pulled back from the day’s highs but managed to settle with marginal gains as investors rushed to book profits following a stellar rally.

The 30-share BSE Sensex surged over 640 points in early trade, mirroring bullish sentiments in global markets in the wake of surprisingly strong US jobs data, but an intense volatility gripped the index as the session progressed.

After fighting bouts of volatility during the day, the Sensex ended 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.

On the Sensex chart, Indusind Bank was the top gainer, soaring around 7 per cent, followed by Axis Bank,

Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.

Among the top losers were: Mahindra and Mahindra, Ultratech Cement, HDFC Bank, Tata

Steel and Nestle India.

Shares of Reliance Industries (RIL) jumped around 3 per cent during the day, hitting one-year peak, after the company sold 1.16 per cent stake in its digital unit Jip Platforms to Abu Dhabi Investment Authority for Rs 5,683.50 crore.

Its shares, however, closed 0.51 per cent lower as investors cashed in on recent gains.

Of the 30 constituents on the Sensex, 16 shares closed in the green and 14 in the red.

In the broader market, midcap and smallcap indices surged up to 0.93 per cent.

On the currency front, the Indian rupee was up 3 paise at 75.55 against the US dollar.