Sensex lower, Nifty struggles below 9200; Reliance, banks support

Epic Update Reliance IndustriesEpic Update Reliance Industries

The markets is witnessing rangebound movement ahead of WPI data to be announced today.

The Sensex down 53.67 points at 29589.81, and the Nifty down 17.10 points at 9186.35.About 1360 shares have advanced, 863 shares declined, and 100 shares are unchanged.

India’s retail inflation rate rose to 3.81 percent in March from February’s 3.65 percent, mirroring a revival in household spending after months of waning demand triggered by a demonetisation-induced cash crunch.

Reliance Industries, Cipla, Sun Pharma, Bajaj Auto, GAIL, Bosch, Indiabulls Housing and Aurobindo Pharma are the top gainer on the indices, while Adani Ports, Infosys, Tata Steel, Larsen and Toubro, Tata Motors, Hindalco and Tata Power are the top losers.

Infosys has reported profit at Rs 3,603 crore for January-March quarter, degrowth of 2.8 percent against Rs 3,708 crore in previous quarter.

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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