Nifty choppy, RBI policy eyed; Sun Pharma down, RIL gains

Equity benchmarks are volatile ahead of RBI monetary policy. The Sensex rose 37.56 points to 28542.02 and the Nifty gained 5.30 points at 8665.20.



India Inc has pitched for rate cut to boost economic activities, but RBI is unlikely to oblige as unseasonal rain may adversely impact food inflation in the coming months.



TCS, Reliance Industries, L&T, Bajaj Auto and Wipro are prominent gainers, up 1-1.8 percent whereas Sun Pharma, ITC, Tata Motors, HDFC Bank, Dr Reddy’s Labs, Hero Motocorp and BHEL fell on profit booking.



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Posted in: Indian Market Tips