An evening walk down D-St: Two-day rally halts; investors eye Q2 earnings, RBI MPC meet
Episode 1714, Sep 24, 2019, 11:58 AM
Indian equity market ended flat on September 24, mostly on profit-booking, amid uninspiring global cues, while investors assessed the impact of tax rate cut on different stocks and sectors after a two-day blockbuster rally.
The market took a pause to get a breather after solid gains in the last two sessions which saw the Sensex and the Nifty surging over 8 percent, making investors richer by over Rs 10 lakh crore.
Participants said, while the recent announcements by the government are long-term positives, some profit-booking was expected as the market is trading near peak valuations.
The market took a pause to get a breather after solid gains in the last two sessions which saw the Sensex and the Nifty surging over 8 percent, making investors richer by over Rs 10 lakh crore.
Participants said, while the recent announcements by the government are long-term positives, some profit-booking was expected as the market is trading near peak valuations.