Oil & gas stocks are taking a toll on the benchark indices. The index is down 0.8 percent. ONGC, Axis Bank, Tata Motors, Sesa Strelite and Coal India are major laggards while Dr Reddy’s Labs, Sun Pharma, Bharti Airtel, Wipro and Bajaj Auto are top gainers in the Sensex.

The sharemarket seems to be consolidating with negative bias. The Sensex is down 33.16 points at 26783.40 and the Nifty slips 11.90 points at 8030.10. About 1459 shares have advanced, 975 shares declined, and 128 shares are unchanged.

Oil & gas stocks are taking a toll on the benchark indices. The index is down 0.8 percent. ONGC, Axis Bank, Tata Motors, Sesa Strelite and Coal India are major laggards while Dr Reddy’s Labs, Sun Pharma, Bharti Airtel, Wipro and Bajaj Auto are top gainers in the Sensex.

Globally, Asian markets trade mixed as markets are cautious ahead of the FOMC meet kicking off today. Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firming trend overseas before the US Federal Reserve begins a two-day policy meeting today.

coustery : moneycontrol.com

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