Sensex, Nifty settle flat after hitting record highs

Investors turned cautious ahead of US Fed interest rate decision later this week

Benchmark indices Sensex and Nifty hit intra-day record high levels before closing almost flat on Monday due to profit-taking in FMCG and IT shares by cautious investors ahead of the key US Fed interest rate decision later this week.

The 30-share BSE Sensex closed higher by 23.12 points or 0.03 per cent at 81,355.84 – its all-time closing high – with 16 of its components advancing and 14 ending lower.

The index opened higher and jumped 575.71 points or 0.70 per cent to hit a new intraday record peak of 81,908.43 in late morning deals following a decline in US bond yields. However, investors preferred to book profits at record high levels amid high volatility dragging the index lower to close flat.