Indian market closes higher on Monday but loses some to profit booking
Mumbai, Dec 18 (IBNS): The Indian market closed higher on Monday but erased some of its gains owing to profit booking by investors, according to media reports.
However, the market was able to overcome its initial nervousness about the outcome of the Assembly polls held recently in Gujarat and Himachal Pradesh, and climbed up steadily during the day with BJP consolidating its winning position as results poured in.
At the end of business day on Monday, BSE Sensex was up 138.71 points at 33,601.68 and NSE Nifty was up 55.50 points at 10,388.80.
Top gainers on Monday included Vedanta, Hindalco, Cipla, M&M, SBI, Wipro and Sun Pharma while Yes Bank, HPCL, Tech Mahindra, Coal India, Infosys, BHEL, ITC, Kotak Mahindra and UPL declined.
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