Profit booking wipes out Sensex’s 700-point gain

Nifty erases 200 points from the day’s high

- KISHOR KADAM

THE BENCHMARK EQUITY indices gave up strong early gains due to profit booking at higher levels on Thursday.

The Sensex erased a 734-point rise from the day’s high of 85,290.06 before closing at 84,556.40, up 130.06 points (0.15%). The Nifty pared a 213-point surge from its intra-day high of 26,104.20, ending the session at 25,891.40, up 22.80 points (0.09%).

Both the indices extended their winning streak to a sixth consecutive session, driven by optimism over a potential trade deal with the US. Over this period, the Sensex gained 2,526.42 points (3.08%), while the Nifty advanced 745.90 points (2.97%).