Sensex closes flat, Nifty slips on profit-taking by investors

The 30-share BSE Sensex edged up 17.39 points or 0.02% to settle at 73,895.54. The barometer hit a high of 74,359.69 and a low of 73,786.29

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

The 30-share BSE Sensex edged up 17.39 points or 0.02% to settle at 73,895.54. The barometer hit a high of 74,359.69 and a low of 73,786.29.

The broader NSE Nifty declined 33.15 points or 0.15% to close at 22,442.70.

From the Sensex basket, Kotak Mahindra Bank jumped 5% after the company reported a 25% growth in its March quarter net profit at ₹5,302 crore, limited by a drop in the core income due to narrow interest margins.

Tata Consultancy Services, Hindustan Unilever, Mahindra & Mahindra, Sun Pharma, Tech Mahindra and IndusInd Bank were among the other major gainers.

Titan tanked 7 per cent after its March quarter earnings failed to cheer investors.

State Bank of India, NTPC, Power Grid, Bajaj Finance and Larsen & Toubro were the other laggards.