Nifty hovers around 8700; Infosys, Axis Bank, Bharti Airtel soar

Epic Update Infosys
Epic Update Infosys

The market remained directionless in noon trade, with the Nifty hovering around 8700 as investors remained on the sideline after pricing in Union Budget. Corporate earnings and RBI policy are next key events.

The 30-share BSE Sensex was down 39.32 points at 28102.32 and the 50-share NSE Nifty fell 19.90 points to 8696.50.

Infosys, Axis Bank, Bharti Airtel, Sun Pharma, Dr Reddy’s Labs, Coal India and NTPC were top gainers among Sensex stocks, up 1.5-2 percent while HDFC, Tata Motors, HDFC Bank, Reliance Industries, M&M and L&T fell 1-2.5 percent.

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