Nifty hovers around 8200; HDFC group stocks fall, RIL gains
The market has opened flat as investors are cautiously waiting for Federal Reserve decision on interest rates. The Sensex is up 5.43 points at 26703.25 and the Nifty is down 8.25 points at 8213.55. About 445 shares have advanced, 227 shares declined, and 34 shares are unchanged.
Axis Bank, HUL, Maruti, Lupin and Sun Pharma are top gainers while Coal India, Tata Motors, HDFC, ONGC and ICICI Bank are losers in the Sensex.
The Indian rupee opened flat at 67.54 per dollar versus previous close 67.54.
The US dollar held steady against a basket of major currencies on uncertainty over whether the Fed would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.
Asia shares crept cautiously higher while a hush settled on the US dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017.