Nifty hovers around 10,150 ahead of Fed meet outcome; Dr Reddy’s up

Epic Update Dr Reddy's LabsEpic Update Dr Reddy's Labs

Equity benchmarks turned volatile in morning as investors awaited the outcome of two-day Federal Reserve’s monetary policy meeting due tonight.

The rate hike is not expected by economists but the commentary on unwinding of USD 4.5 trillion balance sheet will be key to watch out for.

The 30-share BSE Sensex was up 28.14 points at 32,430.51 and the 50-share NSE Nifty fell 1 point to 10,146.55.

Reliance Industries, Dr Reddy’s Labs, L&T, SBI, ITC and Yes Bank gained 0.7-2 percent while Tata Motors, Hero Motocorp, Coal India, Sun Pharma, Cipla, BPCL and Tata Motors declined 1-2.5 percent.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300