Sensex continues to be sluggish, Nifty below 9600; RIL gains 3%

Nifty

Benchmark indices were sluggish in the afternoon trade, with the Nifty remaining below 9600-mark. Investors could be sitting on the fence ahead of the US Federal Reserve’s decision on interest rates, which the Street factors in a rate hike.

The Sensex was down 28.65 points at 31074.84, and the Nifty down 18.05 points at 9588.85. The market breadth was negative as 1,024 shares advanced against a decline of 1,400 shares, while 148 shares were unchanged.

Wipro, ITC and Yes Bank lost the most on both indices, while Reliance Industries, Dr Reddy’s Laboratories and Bank of Baroda were the top gainers.

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Sensex turns sluggish, Nifty still holds 9300; ICICI falls ahead of Q4 Sensex consolidates ahead of FOMC meet outcome; RBL Bank most active
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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