Sensex give up gains on profit-taking

Reuters Market Eye - The BSE Sensex is flat in trade, retreating from session highs as traders take profits in recent gainers such as Coal India Ltd and Reliance Industries Ltd.

Falls in the benchmark BSE Sensex and the broader Nifty would snap a four-session winning streak that saw them hit record highs on Friday after the Bharatiya Janata Party won a majority in the country's elections.

Coal India shares, which rose 12.6 percent on Monday, are down 5 percent, while Oil and Natural Gas Corp Ltd falls 3.1 percent after gaining 8.5 percent on Monday.

Other recent gainers, including Reliance Industries and state-run lenders such as State Bank of India and Punjab National Bank also fall.

 

The BSE Sensex was up 24 points while the Nifty added 11 points as of 12:17 p.m.

(Reporting by Himank Sharma)