Sensex, Nifty ranged as FOMC rate decision eyed; PSU banks rally

yes bank
Benchmark indices continued to be volatile in afternoon trade as investors eagarly await the final decision of two-day Federal Reserve meeting later today.

The 30-share BSE Sensex was up 29.33 points at 31,132.82 and the 50-share NSE Nifty declined 0.35 points to 9,606.55. About 1,390 shares declined against 1,121 advancing shares on the BSE.

Reliance Industries, Dr Reddy’s Labs, ICICI Bank, L&T, Hero Motocorp and Bank of Baroda were top gainers, up 1-3 percent whereas Wipro, Cipla, ITC, HDFC, BHEL, Yes Bank and Tata Motors (DVR) fell 1-3 percent.

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