Business Standard

Tuesday, December 24, 2024 | 08:18 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Markets pause after posting their longest winning streak in three years

Take a breath after weeks of gains, focusing on selective value stocks amidst profit-taking

BSE, stock market
Premium

Photo: Bloomberg

Sundar Sethuraman Mumbai

Listen to This Article

Indian equity markets took a breather on Monday amid profit taking after ending the last seven weeks with gains, the longest such winning streak in three years. However, the action was seen in select counters. The S&P BSE Sensex on Monday ended the session at 71,315, a decline of 169 points, or 0.2 per cent. The National Stock Exchange Nifty declined by 38 points, or 0.2 per cent, to end the session at 21,419.

Investors on Monday were mostly chasing stocks that offer some value vis-à-vis their peers. The stock of Indian Railway Catering and Tourism Corporation (IRCTC) rose by

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in