Tuesday, 14 June 2016

Sensex, Nifty flat ahead of Fed meet; IT stocks under pressure

Epic Research Update : Adani EnterpriseEpic Research Update : Adani Enterprise

The market is flat as investor are on edge ahead of two-day Federal Open Market Committee starting tonight. Analysts are not expecting any change in rates but but the central bank may tweak its view on the economy or make changes to its interest rate forecast, when it releases its statement and economic forecasts.

The Sensex is down 22.05 points at 26374.72, and the Nifty is down 9.80 points at 8100.80. 
About 1421 shares have advanced, 638 shares declined, and 97 shares are unchanged.

Adani Ports, SBI, Tata Motors, GAIL and Cipla are top gainers while HDFC, Bajaj Auto, Infosys, TCS and Asian Paints are losers in the Sensex. IT stocks are under pressure.
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