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The market was trading flat at noon on mixed Asian cues with IT stocks under selling pressure once again, About 1,688 shares advanced, 1,391 declined, and 105 were unchanged.
About 2098 shares advanced, 1082 shares declined, and 103 shares unchanged.
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The union government is planning to seek Cabinet approval for a Rs 5.25 lakh crore investment programme during fiscal years 2024-31 to improve rail connectivity, which analysts believe will benefit the company. Despite a stellar jump in share price during the month, there were signs of profit booking among rally in railway stocks including in IRFC towards the end.
The market ended flat on mixed global cues and continued FII selling. About 1,791 shares advanced, 1,756 declined and 122 remained unchanged