Nifty: Profit booking in financials, IT drag Sensex lower, cement stocks provide support

NEW DELHI: Profit booking at higher levels continued on Monday as benchmark indices wiped off morning gains to end flat. IT and select metal stocks were among the rags while cement stocks provided support.

Analysts said profit booking was expected given the outperformance of the midcap and smallcap indices. Some NBFC stocks were also in demand due to favourable news.

The 30-share pack Sensex dropped 13.50 points or 0.03 per cent to close at 52,372.69. Its broader peer NSE Nifty rose 2.80 points or 0.02 per cent to 15,692.60.

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