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Sensex, Nifty trade almost flat; liquor stocks gain

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The market continued to be trading within a range as investors sat on the fence ahead of US Fed meet’s outcome. Experts largely feel that the central bank will raise interest rates, citing better economic data.

The 30-share Sensex was down 7.34 points at 29435.29, while the 50-share Nifty was up 7.90 points at 9094.90.

Around 1,361 shares had advanced, 1,216 shares had declined, while 161 shares are unchanged.

IT stocks continued to fall on the back of a stronger rupee. The Indian currency clocked its 16-month high levels. Meanwhile, BHEL, Reliance and Idea Cellular were the top gainers on both the indices.

Announcements from the Karnataka Budget pushed up liquor stocks. The state abolished additional excise and lifted VAT on wine, beer and hard liquor. However, PVR fell over 6 percent as a cap of Rs 200 was announced on movie tickets.

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