Sensex continues to be sluggish, Nifty below 9600; RIL gains 3%

Benchmark indices were sluggish in the afternoon trade, with the Nifty remaining below 9600-mark. Investors could be sitting on the fence ahead of the US Federal Reserve’s decision on interest rates, which the Street factors in a rate hike.

The Sensex was down 28.65 points at 31074.84, and the Nifty down 18.05 points at 9588.85. The market breadth was negative as 1,024 shares advanced against a decline of 1,400 shares, while 148 shares were unchanged.

Wipro, ITC and Yes Bank lost the most on both indices, while Reliance Industries, Dr Reddy’s Laboratories and Bank of Baroda were the top gainers.

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Posted in: Indian Market Tips