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Sensex pares Intra-day gains

MUMBAI: With realty giant DLF's IPO, biggest ever in India, grabbing eyeballs on the bourses, the secondary market closed on a flat note on Monday and the Sensex settled just 20 points up after paring intra-day gains of over 200 points.

After opening on a strong note and keeping in positive territory through early afternoon trade, profit booking emerged on the bourses, with some brokers saying that funds were diverted towards subscribing for the DLF IPO. The sharp sell-off towards the end of trading session even shrugged off strong global cues.

After surging ahead for nearly four hours of trading, the bulls gave in to the bears, keeping just a marginal lead on Monday and the Sensex settled with a gain of mere 20 points. After gaining over 200 points in the intra-day trade, the BSE 30-share index closed at 14083.41 from 14063.81 on last Friday.

Hero Honda, ITC and Hindalco were the three biggest gainers among the 30-Sensex scrips.— PTI

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