Tuesday, 13 December 2016

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

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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. Analysts say a 25 basis points rate hike is largely priced in by the market, hence the important point to watch out for would be commentary on future rate hikes and inflation.

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