Late hour selling in IT and FMCG stocks pushed benchmark indices lower for the second consecutive day, wiping out all morning gains, but the broader markets continued to outperform. Nifty Midcap index is trading at record highs amid heavy buying in smaller names. Meanwhile, some bout of profit booking has started in their larger peers as valuations are looking extremely stretched.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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