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Sensex, Nifty remain weak; Lupin, Infosys, Hindalco gainers

Sensex3_6

New Delhi: Sentiments in the market remained sluggish for another day as the Sensex traded 37.30 points down at 25215.02.

The Nifty on the other hand traded with a weakness of 13.65 points at 7669.65.

Tata Steel, Lupin, Hindalco, Sun Pharma and Infosys are top gainers while ITC NTPC, Axis Bank and BHEL are major laggards.

Fed Chair Janet Yellen next week has to decide not only whether to raise rates for the first time in a decade, but also how to assure markets on the likely path of future rate hikes.

Traders are currently expecting the Fed to raise rates two or three times next year.

Weakness in oil was also hurting bullion. A slide in oil could trigger fears of deflation, a bearish factor for gold, which is often used as a hedge against oil-led inflation. (ANI)