Nifty still below 8200 ahead of Fed meet; Lupin, Tata Steel down

Epic Update  LupinEpic Update Lupin

Equity benchmarks remained directionless as investors maintained caution ahead of Federal Reserve’s two-day policy meeting that will begin tonight.

The 30-share BSE Sensex was up 52.46 points at 26567.70 and the 50-share NSE Nifty gained 8.95 points at 8179.75.

The market breadth was positive as about 1049 shares advanced against 763 declining shares on the BSE.

Tata Motors retained its top position in the buying list, up nearly 3 percent after block deals. Sources told CNBC-TV18 that Morgan Stanley was likely to buy 5 crore shares in the company.

ITC, Reliance Industries, Maruti Suzuki and Wipro gained 0.7-1.7 percent while ICICI Bank, Lupin, Asian Paints, Tata Steel and BHEL fell 0.5-1 percent.
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