Sensex, Nifty ranged; ITC leads, Lupin and Dr Reddy’s top losers

Epic Update ITCEpic Update ITC

Benchmark indices continued to be rangebound in afternoon trade, with the Nifty hovering around 9,600 level due to lack of global as well as domestic cues. Experts feel GST implementation and June quarter earnings would be next triggers.

The 30-share BSE Sensex rose 26.60 points to 31,102.33 and the 50-share NSE Nifty was up 8.60 points at 9,586.65.

The BSE Midcap and Smallcap indices outperformed benchmarks, up 0.2-0.4 percent on positive market breadth. About 1,330 shares advanced against 1,073 declining shares on the BSE.

Lupin topped the selling list among Sensex stocks, down more than 4 percent followed by Dr Reddy’s Labs, Infosys, Sun Pharma and Wipro while ITC, HDFC and Tata Motors were gainers.

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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