Nifty hovers around 8800 as investors await RBI policy; ITC up

Epic Update ICICI Bank
Buying interest continued in morning as the Sensex rallied more than 200 points on hopes of RBI cutting repo rate in the forthcoming two-day policy meet that will start on February 7.
The 30-share BSE Sensex gained 216.17 points at 28456.69 and the 50-share NSE Nifty rose 63 points to 8803.95. The market breadth was positive as about three shares advanced for every share falling on the BSE.
ICICI Bank and Lupin were biggest gainers on Sensex, up 3 percent each followed by ITC, Asian Paints, Tata Motors and SBI while TCS, Dr Reddy’s Labs, Infosys and Coal India were under pressure.

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Sensex, Nifty, Midcap sluggish; Brent crude, gold prices rise Nifty still struggles below 8150; Axis Bank falls, Europe mixed
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