Closing update: Equity benchmarks the Sensex and the Nifty ended flat with a positive bias on September 9.
It was the third consecutive session when the market ended flat owing to profit-booking after the recent strong rally.
Sensex closed 55 points, or 0.09 percent, higher at 58,305.07 while Nifty settled with a gain of 16 points, or 0.09 percent, at 17,369.25.
BSE Midcap ended 0.56 percent higher and the smallcap index clocked a gain of 0.52 percent.
The market is showing signs of correction after a steep rally. Experts believe there can be a correction in the largecaps that have been leading the rally this year. So, part of the fresh money is now moving into new areas like PSU banks. But they underscore this is likely to be a short-term trend.
News Source:- Moneycontrol