Nifty hovers around 10,150 ahead of Fed meet outcome; Dr Reddy’s up

Equity benchmarks turned volatile in morning as investors awaited the outcome of two-day Federal Reserve’s monetary policy meeting due tonight.

The rate hike is not expected by economists but the commentary on unwinding of USD 4.5 trillion balance sheet will be key to watch out for.

The 30-share BSE Sensex was up 28.14 points at 32,430.51 and the 50-share NSE Nifty fell 1 point to 10,146.55.

Reliance Industries, Dr Reddy’s Labs, L&T, SBI, ITC and Yes Bank gained 0.7-2 percent while Tata Motors, Hero Motocorp, Coal India, Sun Pharma, Cipla, BPCL and Tata Motors declined 1-2.5 percent.

For more information & more Bank nifty futures tips,

Call us ✆ – 0731-6642300 or

Visit http://ift.tt/1k8NnLH

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Follow @Epic_Research

Posted in: Indian Market Tips