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Nifty below 7800 amid volatility; SpiceJet, Lupin most active

The Market remained rangebound with the Nifty moving in a tight range of 7770-7800 after a sharp cut in previous session priced in Fed rate hike fears.

The 30-share BSE Sensex rose 37.66 points to 25437.38 and the 50-share NSE Nifty gained 8.35 points at 7791.75. The BSE Midcap index gained 0.14 percent but Smallcap declined 0.3 percent.

The market breadth remained weak as about 1235 shares declined against 961 advancing shares on Bombay Stock Exchange.

Lupin lost 7 percent as brokerages are worried about earnings due to resolution to Goa plant and higher R&D spend despite strong fourth quarter results. The company reduced its sales guidance for FY18 to USD 3.5 billion from USD 5 billion.

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Nifty below 7800 amid volatility; SpiceJet, Lupin most active

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