Ways2Capital Morning Update : Sensex, Nifty Volatile Ahead of MPC Rate Decision

Equity benchmarks remained rangebound as investors awaited outcome of two-day monetary policy committee meeting due in afternoon.
Amidst all, he is bullish on markets and suggests maintaining buy on dips approach in stocks. The 30-share BSE Sensex fell 9.61 points to 28325.55 and the 50-share NSE Nifty gained 0.35 points at 8768.65.
The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.3 percent, respectively. About 1328 shares advanced against 745 declining shares on the exchange.
Tata Motors, HDFC Bank, TCS, Asian Paints, M&M, Cipla and Tata Steel gained 0.5-1.6 percent while ITC, Infosys, Axis Bank, ICICI Bank, Reliance Industries and Dr Reddy’s Labs were under pressure.
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