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Nifty, Sensex end little changed, Reliance Industries gains

File photo Photograph:( Zee News Network )

Reuters Bengaluru, India Sep 24, 2019, 04.38 PM (IST)

Indian shares ended little changed on Tuesday, as investors paused after a two-session rally and waited for further stimulus from the government to revive slowing growth.

The broader NSE Nifty ended 0.1 per cent lower at 11,588.20, while the benchmark BSE Sensex ended flat at 39,097.14.

Shares had rallied after finance minister Nirmala Sitharaman reduced corporate taxes to around 25 per cent from 30 per cent and scrapped the minimum alternative tax for domestic companies on Friday.

Reliance Industries, one of India's most valuable companies, closed nearly 3.1 per cent up and was the top boost to the markets on Tuesday.

IT stocks were also among the top gainers, with the Nifty IT index closing nearly 2 per cent higher. Infosys ended 3.88 per cent up, while Tata Consultancy Services finished 1.56 per cent higher.

Meanwhile, India's top lender by assets State Bank of India fell 4.06 per cent, while JSW Steel dropped 4.19 per cent.