Sensex remains rangebound, Nifty hovers around 9650; Lupin, Axis Bank fall

Benchmark indices turned negative after consolidating through the morning session, with the Nifty trading just above 9650-mark.

The Sensex was down 3.18 points at 31308.39, while the Nifty was down 0.60 points at 9656.95. The market breadth was negative as 1,124 shares advanced against a decline of 1,346 shares, while 158 shares were unchanged.

Lupin and Axis Bank were the top losers, while Tata Motors, Tata Motors DVR and Tata Power gained the most.

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Posted in: Indian Market Tips