Sensex off opening highs, Nifty holds 10,500 ahead of MPC meet outcome

According to the provisional exchange data, foreign investors sold shares worth Rs 2,326.10 crore on net basis yesterday.

HDFC, HDFC Bank, TCS, HUL, HCL Technologies, Bajaj Finance, NTPC and Lupin were under pressure.

Edelweiss said the Monetary Policy Committee (MPC) board would take the following factors into calibration while setting its  policy stance & tone – rising crude oil prices, changing drivers of inflation, wider trade deficit in conjunction with a push back in the 3.0 percent fiscal deficit target by 2-year to FY21, increasing MSP to 1.5x of the cost of production and rising US yields.

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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
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