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Stock Markets remain flat, Pharma and FMCG sectors gain

The Benchmark Sensex And Nifty Indices Have Been Trading Pretty Flat As Investors Had A Cautious Outlook Ahead Of The Bank Of Japan And US Federal Reserve Policy Meetings.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 15 Sep 2016, 04:17:13 PM
Dalal Street - File Photo (Getty)

New Delhi:

The BSE Sensex closed at 28,413, ending with a gain of 41 points. The BSE Sensex opened at 28,398 touched an intra-day high of 28,444 and low of 28,311. The NSE Nifty breached the 8700 mark to close at 8,749. The NSE Nifty opened at 8,744 hitting a high of 8,752 and low of 8,704.35.

As per financial analyst, the benchmark Sensex and Nifty indices have been trading pretty flat as investors had a cautious outlook ahead of the policy meetings of the Bank of Japan and US Federal Reserve. Bank of Japan and the Fed policy review will be held on 20-21 September.

Cipla, Asian Paints, Adani Ports, ITC, RIL, Sun Pharmaceuticals and ICICI Bank are among the major gainers, whereas Axis Bank, Infosys, Hero Motocorp, Tata Steel, Power Grid and Wipro are losing sheen on BSE.

Pharma, FMCG, consumer discretionary and utilities sectors witnessed active buying while metal, IT, tech, banking, and metal sectors were bearish on the BSE.

On the international front, the Bank of England will be a focus as the central bank eased off monetary policy last month, amid signs it overestimated the initial shock to Britain's economy from June's Brexit vote.

India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July.

In the primary market, the IPO of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), was subscribed 71 per cent on the second day of the three-day bidding.

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First Published : 15 Sep 2016, 03:58:00 PM

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