Rediff.com  » Business » Bulls take a breather as Sensex, Nifty end flat

Bulls take a breather as Sensex, Nifty end flat

September 24, 2019 16:47 IST

On the Sensex chart, major laggards were SBI, Axis Bank, L&T, Hero MotoCorp, Asian Paints, ONGC, Tata Steel and Bajaj Finance -- dropping up to 3.56 per cent.

Among the top gainers were Infosys, RIL, TechM, Tata Motors, Maruti, PowerGrid, HCL Tech, TCS and Yes Bank - rising up to 3.78 per cent.

Benchmark stock gauges Sensex and Nifty ended on a flat note on Tuesday as investors scrambled to book profits after a stellar two-day rally.

After gyrating 393 points during the day, the 30-share index ended 7.11 points or 0.02 per cent higher, at 39,097.14.

 

While, the broader NSE Nifty settled with a marginal gain of 12 points, or 0.10 per cent, at 11,588.20.

On the Sensex chart, major laggards were SBI, Axis Bank, L&T, Hero MotoCorp, Asian Paints, ONGC, Tata Steel and Bajaj Finance -- dropping up to 3.56 per cent.

Among the top gainers were Infosys, RIL, TechM, Tata Motors, Maruti, PowerGrid, HCL Tech, TCS and Yes Bank - rising up to 3.78 per cent.

According to traders, benchmark indices took a breather after a two-day rally as participants booked profits at higher levels.

In the past two days, Sensex zoomed 2,996.56 points, or 8.30 per cent; while the 50-share Nifty soared 895.40 points or 8.36 per cent.

Domestic equity markets cheered Finance Minister Nirmala Sitharaman delivering a surprise cut in corporate tax rates last week.

Photograph: Danish Siddiqui/Reuters

© Copyright 2019 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY