Sensex, Nifty sluggish; Reliance, HDFC, HUL major laggards-- 21 Sep 2015

Hindalco, Tata Motors, Axis Bank, Maruti and GAIL are top gainers while Cipla, Reliance, Dr Reddy's Labs, HDFC and HUL are major losers.

                       

The market is flat but has recovered majorly. The Sensex is down 36.32 points at 26182.59 and the Nifty slips 8.90 points at 7973. About 1398 shares have advanced, 993 shares declined, and 129 shares are unchanged. Hindalco, Tata Motors, Axis Bank, Maruti and GAIL are top gainers while Cipla, Reliance, Dr Reddy's Labs, HDFC and HUL are major losers. Meanwhile, the Reserve Bank of IRendia is likely to effect one rate cut of 25 basis points at its monetary policy meeting on September 29, says Standard Chartered Associate Economist Anubhuti Sahay, but she expects no further rate cuts beyond that. "While we expect the RBI to go and cut rates, we expect the monetary policy stance, the forward guidance to be very guarded," she told CNBC-TV18.





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