Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited

Rangebound moves on the market continued in the run up to the announcement by the Reserve Bank of India’s (RBI) Monetary Policy Committee on the interest rates.

The Sensex was down 27.78 points at 32547.39, while the Nifty was down 19.30 points at 10095.35. The market breadth was negative as 1115 shares advanced against a decline of 1398 shares, while 161 shares were unchanged.

Lupin, NTPC, and Hero MotoCorp continued to gain the most on both indices, while BHEL, Tata Motors and Indiabulls Housing were the top losers.

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