Market rangebound ahead of assembly poll results; Infosys up 1%

Epic Update Infosys
Epic Update Infosys

After erasing morning gains, the market traded in a steady range as investors could now be awaiting for the actual results from the assembly elections on Saturday.

The 30-share Sensex was up 60.95 points at 28990.08, while the Nifty was up 15.95 points at 8942.95.

The market breadth was narrow, with 1,301 shares having advanced, 920 shares having declined, while 147 shares were unchanged.

Hero MotoCorp, Infosys and UltraTech Cement were the top gainers on the indices, while ONGC, GAIL, Power Grid and Tech Mahindra were the top losers.

NBFCs Muthoot Finance and Manappuram Finance were under pressure after the Reserve Bank of India placed restrictions on cash disbursements of loans to Rs 20,000 from Rs 1 lakh earlier.
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