Nifty, Sensex start on a caution note, Cipla, Lupin surge, Dr Reddy's

Thursday market opened on a caution note after the US Federal Reserve in its two day policy review stick to its plan for normalizing balance sheet and forecast only two rate increases in 2019 and in 2020.

In morning session, the BSE Sensex was trading 31 points higher at 32,431.47. The Nifty 50 was declaration at 10,147 up to 5.40 points. The midcap and smallcap indices inched up to 0.1 per cent higher.

Nifty has been respecting the upward gap area of 10,131-10,115. We continue to see 10,115 as an immediate support level followed by 10,043. On the other hand we may see an attempt to march towards yet another landmark of 10,200.

Dr Reddy's Labs gained 3.11 per cent to Rs 2,385.60 on BSE. Tata Steel BSE 0.77 %, Cipla BSE 2.11 %, and Lupin BSE 2.56 % gained up to 1.14 per cent, ICICI Bank BSE -1.15 %, TCS BSE -0.26 % and Coal India BSE -0.94 % fell up to 0.4 per cent.

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