Sensex, Nifty continue to be rangebound; PSU banks, metals correct

The market is trading rangebound, with the Sensex and Nifty trading around 34,800 and 10,700 levels. Weak rupee and rising bond yields has weighed on indices. But the currency’s weakness has pushed up IT stocks. Infosys and Wipro are the top gainers on both indices. Midcaps, PSU banks and auto stocks have seen a correction.

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Posted in: Indian Market Tips