Sensex, Nifty lackluster; Fed rate decision eyed

15/03/2017 14:20

Indian equity benchmarks remained volatile during the late noon trading session as traders maintained cautious approach ahead of the US Federal Reserve monetary policy review, which is widely perceived to raise policy interest rates by 25 bps.

At 14:20 hours, the 30-share benchmark index was trading at 29455.17 up by 12.54 points or by 0.04 per cent, while the NSE Nifty was at 9097.2 up by 10.2 points or by 0.11 per cent.

In the volatile trade so-far, Sensex touched an intraday high of 29500.08 and an intraday low of 29392.59, while the NSE Nifty touched an intraday high of 9105.35 and an intraday low of 9076.25.

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1311.00,+1.68%), State Bank of India (Rs. 278.55,+1.40%), Hero MotoCorp Ltd. (Rs. 3392.00,+1.03%), ITC Ltd. (Rs. 269.70,+0.95%), Adani Ports & Special Economic Zone Ltd. (Rs. 310.90,+0.89%), among others.

The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2499.00,-2.47%), Infosys Ltd. (Rs. 1010.65,-2.35%), Hindustan Unilever Ltd. (Rs. 901.45,-1.35%), Wipro Ltd. (Rs. 495.55,-0.98%), Larsen & Toubro Ltd. (Rs. 1545.00,-0.81%), among others.

Among the sectors, Realty index was at 1532.01 up by 19.7 points or by 1.3%. Prestige Estates Projects Ltd. (Rs. 176.60,+5.09%), Indiabulls Real Estate Ltd. (Rs. 83.60,+2.51%), Sobha Ltd. (Rs. 312.15,+2.14%), Godrej Industries Ltd. (Rs. 380.05,+1.90%), Oberoi Realty Ltd. (Rs. 351.50,+1.21%),.

On the flip side, IT index was at 10386.73 down by -190 points or by -1.8%. Lycos Internet Ltd. (Rs. 8.77,-4.26%), Kellton Tech Solutions Ltd. (Rs. 133.50,-3.23%), Tata Consultancy Services Ltd. (Rs. 2498.05,-2.51%), Infosys Ltd. (Rs. 1011.00,-2.32%), Sonata Software Ltd. (Rs. 179.00,-2.27%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3051 , shares advanced were 1468 while 1399 shares declined and 184 were unchanged.

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