September 24, 2019 / 10:37 AM / 22 days ago

Indian shares end little changed, Reliance Industries gains

* Reliance Industries gains 3.1%

* IT index closes 2% higher

BENGALURU, Sept 24 (Reuters) - 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 index ended 0.1% lower at 11,588.20, while the benchmark BSE index ended flat at 39,097.14.

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

Reliance Industries, one of India’s most valuable companies, closed nearly 3.1% 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% higher. Infosys ended 3.88% up, while Tata Consultancy Services finished 1.56% higher.

Meanwhile, India’s top lender by assets State Bank of India fell 4.06%, while JSW Steel dropped 4.19%. (Reporting by Derek Francis in Bengaluru; editing by Uttaresh.V)

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